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!


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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