Uranium Supply Will Continue to be Less Than Demand for Many Years to Come

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Using TradeTech’s prices, this represents a 38% decline from its $130 peak in June. I believe that this represents a standard technical correction in the long-term bull market. The fundamentals of the industry are sound and fundamental factors tend to reassert themselves...

Last week, Ux Consulting left its price indicator unchanged at $90 a pound, however, TradeTech, which also sets a weekly spot price, cut its indicator by $10 a pound to $85 per pound.

Using TradeTech’s prices, this represents a 38% decline from its $130 peak in June. I believe that this represents a standard technical correction in the long-term bull market. The fundamentals of the industry are sound and fundamental factors tend to reassert themselves...

It was no bad thing that the spot price of uranium has fallen. It had got too far ahead of itself — and uranium buyers knew this. Utility groups will not pay over the odds if they can help it. The major correction in uranium stocks has now occurred.

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