Wednesday, March 22, 2006

Uranium Oxide Price

Good news for uranium companies and their stocks this week. Uranium oxide price is up to $40.50US/lb, $4 dollars more since my first post on this blog two months ago. We are well on our way to that $45 I was talking about and $50 is not out of the question. However, I'd love it if the ascent of uranium stocks was a tad more muted, as I can see heavy (if illogical) corrections in the future with this kind of volatility. If only uranium stocks could follow the same curve as the uranium oxide price!
 

2 Comments:

Anonymous Anonymous said...

It seems as if the hedge funds or the speculators have caught on-shares of Cameco were dumped,which lowered the price,creating a buying opportunity

7:51 AM  
Blogger charlottebandit said...

Time for another Paladin Resources update. They nabbed their 3rd contract for delivery between 2008-2012.

9:06 PM  

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