Uranium: Spot price up another $2.00 to $80/lb
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Topic: Uranium — October 22nd, 2007
The spot price for uranium has now moved up to $80/lb according to stockinterview who refer to TradeTech’s figures of the 19th October 2007.
However the UX Consulting Company are still showing the spot price of uranium at $78/lb. No doubt that they will all agree on the spot price sometime this week. But as we have said before keep an eye on the long-term uranium price and let the day-to-day price fluctuations do what they will. As we write it is strange to see that the uranium stocks have opened down it is almost as though the fall in the price of gold has had a knock on effect to uranium stocks.
Any thoughts?
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UxC doesn’t report the new week’s U308 spot until Tuesday evening. (Unless you’re a subscriber, then it’s Monday night, I believe.)
I’m sure you’re seeing by now that ALL commodities are falling together. Thanks to the G-7 comments this weekend that the credit crisis will slow global expansion.
Thank you for a great website!
Comment by Bytes — October 22, 2007 @ 4:50 pm
Ha, ha, ha. The governor of the Bank of Canada, David Dodge, said the rise in the CDN$ (compared to the US$)was basically absurd. Gee, that knocked the CDN$ from 1.0395 to 1.0178. And so the US$ rose and those silly people who got jitters when the US$ was plunging and bot gold to hedge their bets, all of a sudden sold their gold and bot US$. Gold price drops, and mining shares in general dropped,including uranium, dropped also. But the investors who were fleet of foot got some great bargains very early Monday morning, such as FRG down $1.35, LAM down to 7.78, and the lucky ones who got UEX at 7.38. All’s well that ends well, and precious metals and uranium are looking to end well this year.
Comment by stonecarver — October 23, 2007 @ 5:57 am
Monroe survey traces several anomalies at Alexis River
2007-09-27 14:19 ET - News Release
Shares issued 70,162,194
MMX Close 2007-09-27 C$ 0.06
Also News Release (C-ALS) Altius Minerals Corp
Mr. Derek Moran of Monroe reports
MONROE MINERALS REPORTS POSITIVE RESULTS FROM AIRBORNE GEOPHYSICAL SURVEY AT ALEXIS RIVER URANIUM PROPERTY
Read News Release Here
Comment by Mr. Derek Moran — October 23, 2007 @ 11:58 am
spot price has risen to $84. We should be seeing an update this week from TradeTech.
Comment by pho — October 28, 2007 @ 11:58 pm