Thursday, November 29, 2007

What about Uranium

Apologies for the lack of posts in the last few months, I have had to concentrate on other endeavours. Much has happened in the uranium sector, a volatile uranium spot price accompanied by a sharp correction all equities uranium. However, in all bull markets there are the inevitable corrections. I will explore in the next few posts whether or not people should be going back into uranium equities.

I start off with the opening blurb from BNN today with Robert Lauzon of Middlefield Capital:

We are still quite bullish..if you look at long-term market where most transactions occur, it has been at $95 per pound for 6 months and has not moved. Unfortunately the equity market tends to trade off spot market, where only about 10% of uranium volumes trade, been volatile, traded from $80 to $136 back to $75, now at $93..we think uranium equity shares are forming bottom. Alot of the fast money out of sector, need to wash out fast money before forming bottom..the fundamental investors looking at high uranium prices next five years I think will prevail.

 

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