Uranium: 02 September 2007
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Topic: Uranium — September 2nd, 2006
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We are not too keen on Economists who work for banks, however, this lady always talks sense.
If you missed it, catch it on the web its well worth it and its only 7 minutes in duration.
This programme can be found on ROBtv.com 8:15 AM ET AM Business with Brigitte Anderson. Commodities & Katrina Patricia Mohr, vice president of economics, Scotiabank
Patricia Mohr, vice president of economics, Scotiabank has consistently predicted a bright future for Uranium and now she is about to set a new target price for uranium. Watch out for her latest predictions as she has a very good track record on uranium and of course this commodity is the underlying driving force behind our selection of uranium stocks.
02 September 2007
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I see the uranium spot price has now reached over $50!
Its up $3.50 to $52/lb
Do you have any target price on uranium?
Comment by Jeffo — September 6, 2006 @ 3:32 pm
We are using uranium twice as fast as we are finding it so that gives us a clue, the direction is up. Its also becoming more acceptable, even some of the hard line greens are having second thoughts about it. Before the three mile island diaster it was trading at $150 per pound. Since then relatively cheap oil has saved us, but those days are over.
Our target price is a nice easy number for you to remember:
$100 per pound coming to a power station near you shortly.
PS Uranium Stocks will outperform gold and silver stocks over the next 12 to 18 months.
Hope this helps!
Comment by Bob — September 7, 2006 @ 2:21 pm