This week saw the exciting introduction of the Uranium Futures Market on the New York Mercantile Exchange (NYMEX)

Researchers and analysts throughout the investment community have keenly watched this event in the hope of spotting a trend or gaining some indication of what the future might hold. It’s true that prices are higher than the current spot price for the June delivery and even higher for the December 2007 delivery. So what does this tell us?

In our opinion this is a great start but this facility needs to be looked at in the context of it being an embryonic market flush with an abundance of novelty value, which could dissipate just as easily as it was formed. Never the less we will need to keep a close eye on its development firstly to ascertain just how much volume the producers are prepared to forward sell and secondly to ascertain the price fluctuations and new trends.

If you wish to follow these activities then you can log on to the NYMEX web site and see for yourself exactly what is being trading and when.

NYMEX