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« Uranium Price hits $120 | Main | MEGA Uranium: Aussie vote effecting stock price »
Friday
May042007

Uranium-stocks: Bounce back

A quote from Tradetech appeared to strike fear into the heart of the uranium stocks sector recently along the lines of:

“Uranium spot market volume was relatively low for the month of April. Overall, activity in the spot uranium market was extremely slow during the second half of the month due, in large part, to the announcement by NYMEX that it would launch a uranium futures trading contract on May 7. Sellers became even more reticent to submit spot offers due to increased uncertainty about future price movement and the potential effect of futures trading on price reporting and outstanding market-related offers. As a result, the severe upward price momentum witnessed early in April had largely dissipated by month-end. TradeTech’s Exchange Value is US$113.00 per pound U3O8.”


Our stocks then went through a bout of selling which knocked the stock prices down.

However on Thursday they staged a decent recovery as evidenced by a glance at the closing uranium stock prices, for example:

AXU Up 3.69%, RPT Up 19.74%, LAM Up 6.32%, KRI Up 6.5%, etc.

The introduction of Futures Contracts have had a delaying influence on transactions as purchasers will want to wait and see. So next week when it gets under way we will see what the effect really is.

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Reader Comments (3)

Due to global warming and the use of the various fossils fuels, the use of uranium to fuel the nuclear reactors for generating hydro appears to be gaining popularity. More information is being made available to the general public, with this knowledge they in turn are increasing the pressure on politicians to deal with the problem. There are two ways to deal with a problem, one is be proactive another is reactive. The general public is becoming more proactive in dealing with global warming compared to thirty years ago.

May 4, 2007 | Unregistered CommenterWeb

Ladies and Gentlemen

I nowhere I can find an indication abour the cost of s subscription to Uranium Stocks.com. Plesas inform!

Many thanks and best regards,

Karl Bula

May 14, 2007 | Unregistered CommenterBula Karl

Karl,

The newsletter is free to anyone who subscribes to it - but we do like your idea!

May 14, 2007 | Unregistered CommenterUranium Stocks

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