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« SK OptionTrader Extends Winning Streak To 46 Consecutive Trades | Main | SK OptionTrader Closes Another Winning Trade »

Another good trading session for Uranium stocks

Uranium Table 15 Feb 20111.JPG

As we can see from the above chart this sector did very well today adding substantial gains as interest returns to the uranium stocks sector of the market. Purepoint Uranium Group Incorporated (PTU) led the charge with an impressive 13.79% gain, Uranium Energy group (UEC) with 9.55% and Denison Mines Corporation (DML) with 8.13%. This is just a snapshot so If we missed your particular favourite stock then we do apologize, but there are too many to mention all of them today.

Over at The Globe and Mail we have this snippet:

Uranium isn’t the headline-grabbing commodity that gold or oil are, but it’s been a rising star as of late thanks to tightening supplies and a buoyant demand outlook.

Over the last few months, the price of uranium has risen significantly, partly in response to a number of supply-related issues, including production difficulties at Energy Resources of Australia Ltd. and French conglomerate Areva. In the meantime, increased demand from Asian utilities promises to send demand for the nuclear fuel rising further.

Today, TD Newcrest analyst Creg Barnes raised his uranium price forecasts for 2011 through 2014, as well as in the longer term. He now expects the spot uranium price to average $75 (U.S.) a pound in 2011, up 20 per cent from his earlier forecast. His long-term price, which starts in 2016, was raised to $70 a pound.

This should be welcome news for shareholders of Cameco Corp.(CCO-T43.141.593.83%), which on Friday reported adjusted earnings per share in the fourth quarter of 48 cents (Canadian), blowing past the consensus view of 27 cents. The reason was primarily a higher realized uranium price of $48.50 (U.S.) a pound and lower operating costs than expected.

Back to options where we now have 63 winners out of 65 options trades, or a 96.72% success rate If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.

sk chart 10 Dec 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

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