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« Cameco Corporation nearing a bottom? | Main | Uranium Stocks: Still in the Dog Box! »
Wednesday
Oct292008

Uranium Stocks: A nice jump across the board!

Uranium Chart 28oct08

Uranium One impressed with a gain of 34.38% closing at $0.86 with Crosshair adding 25% and Strathmore Minerals adding an astonishing 63.16%. With one or two exceptions this tiny sector moved higher on the back of the Ben Bernanke rate cut taking rates for the US Dollar down to 1%!

We are not getting too excited at the moment as this sector has been decimated and it will take a lot more days like these to get back to where we once were. However once we do get through this turmoil and the nuclear story gets some air time we could see these stocks move in leaps and bounds to higher ground. We will continue to wait and watch and see just how things unfold for now.

As we can see from the chart above uranium remains steady at $46.50/lb.

Got any comments? Fire them in!

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Reader Comments (6)

Just a heads up - you might want to remove your "Uranium Sealed Bids Result: A staggering $113/lb!" link from today's email.

Doesn't do much for your credibility.

October 30, 2008 | Unregistered Commenterdavid Bull

Believe me, I want my uranium stocks to realize their potential as much as you...but I dont quite think we can say uranium is holding steady looking at that chart...looks to me like it just sank from 62.50 to 46.50. I wouldnt call that holding steady. hopefully bottoming though
But it's just a matter of time before oil and the whoel energy sector goes up again, now's the opportunity to buy more for the long haul

October 30, 2008 | Unregistered CommenterThomsonKneeland

David,

Some time ago our readers asked us to group together articles about a particular company so that they didn’t have to search the whole site to see what we had written in the past about that company.

So we came up with the idea of relating articles by the company name, which works well for Cameco as the system then groups together those articles about Cameco.

However for articles of a more general nature the system does not work so well. Hopefully we can improve on it in future.

Best wishes,

Bob

October 30, 2008 | Unregistered CommenterUranium Stocks

You gotta be kidding me!
Crosshair ($3.00 not long ago- now down 97% to 10 cents goes up a lousy four cents, and this is cause for celebration?
Screw you!

October 31, 2008 | Unregistered CommenterJoeBronx

JoeBronx, If we did not report it then we would be inundated with emails asking why not, so rightly or wrongly we chose to report it.

For the record we do not own Crosshair, however our portfolio has been hammered. The task now is to try and identify the bottom, isn't it?

October 31, 2008 | Unregistered CommenterUranium Stocks

Crosshair, now down 98%, (not a typo, friends) goes up FOUR f***ing CENTS and you'd be inudated with emails asking why you didn't report it? From who? Tell me you're kidding, Bob!

November 17, 2008 | Unregistered CommenterJoeBronx

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