(Chart from u308.biz)

The uranium spot price stands at $55/lb according to UXC and TradeTech with the long-term price of uranium trading at $70/lb.

The long term factors behind uranium and nuclear power appear to have been completely disregarded over the past year or so, with the relentless dumping of uranium stocks and, more recently, the commodity itself with drops now being seen in the long term price.

However (read more…)

This chart is courtesy of [1] www.U308.biz.

The chart above shows the uranium spot price at $58/lb according to UXC and at $60/lb according to TradeTech with the long-term price of uranium trading at $80/lb.

It’s been a torrid time for holders of uranium stocks with many investors throwing in the towel and moving on and who can blame them when this sector has been well and truly shunned. An example of the current sentiment is reflected in the stock price of Crosshair Exploration and Mining Corporation, which is now trading at $0.265 (read more…)

On turnover of 867,000 shares Aurora gained $0.38 to close at $3.94. It is hard to see just what contributed to this move, as there has been no real news that we are aware of released today.

The last news we saw was about the establishment of a new panel that will give community representatives from coastal Labrador input into project planning and key environmental work, but that was a week ago (read more…)

This chart is courtesy of www.U308.biz.

A month ago it looked promising as there were signs of a small rally forming however this appears to have dissipated as investors used the higher prices to cut their loses and return their cash to the sidelines. We had hoped to bring you more ‘buy’ signals but have decided to remain cautious until a clearer picture emerges (read more…)

This chart is courtesy of www.U308.biz.

This has been a much better month for holders of uranium stocks, as signs of rising stock prices appear to be popping up here and there. Yesterday was especially good with the following stocks leaping to higher levels: RSC: 17.14%, LAM: 16.58%, MGA: 6.79%, KRI: 22.73% and URE: 22.16% (read more…)

This chart is courtesy of www.U308.biz.

In scanning through a number of charts of uranium mining stocks we can see that the majority exhibit a similar pattern in that they have fallen to a position below their own 50 day moving day average. This is not exactly a knock out but the points have pilled up against these stocks (read more…)

This chart is courtesy of www.U308.biz.

It comes as a welcome relief to see the uranium stocks sector reverse the downward trend and stage a mini rally. Throughout this period of carnage which saw stocks losing 50% plus of their value it has been hard to hold on to theses stocks. Wrongly or rightly we decided to grin and bear it and not sell any of our stocks and subsequently register the associated loses. Our portfolio is battered and pales in comparison to our gold and silver portfolios. However we still believe in the nuclear future with the fundamental criteria for uranium being little changed. We could well look back on this period as the buying opportunity of a lifetime even though a victory looks improbable when you are on the ropes (read more…)

Helped partially by the Fed Rate Cut, uranium stocks have bounced in recent trading after falling sharply since the beginning of 2008.

One of the biggest gains was made by our Laramide Resources, which rose nearly 30% in just one day! Since the beginning of the week, LAM has risen from around $3.00 to nearly $5.00 which is a massive turnaround (read more…)

We are at a critical junction as many uranium stocks prepare to test the lows made in August 2007. Some uranium stocks have already broken this support but we are waiting to see if other stocks follow suit. Therefore the majority of our stocks are marked “Hold” as we wait to see how events unfold. The markets in general have suffered a sell off so far this year which has contributed to the sell off in uranium stocks although the severity of the sell off in this sector is difficult to understand (read more…)

To many investors it comes as some relief that the spot price for uranium registered a slight upturn recently as we can see on this chart courtesy of u3o8.com.

Every little bit helps and it is without doubt pleasing to us to see the recent down trend halted. But (read more…)