Well IT'S been a rollercoaster ride for uranium stocks in the past year huh? Last June during the days of the uranium boom, the spot price rose to a record high of $US140 !!!!! and investors were piling into heavily oversubscribed floats were nearly sure to turn a profit on the first day of trading. How fast things changed since then with spot prices now at $US60 a pound.

But I can tell you that neither 140 nor 60 dollars are uraniums price.

As uranium prices increase, count on more investors leaving the sidelines to invest, causing the surge in prices to accelerate and steepen.

After all if the events of 2008 have taught us anything is that as resource prices go up, they get more popular and investors start piling into it.

And as we saw with uranium, oil and gold getting near their respective highs (140, 148, 1500) people sell. Prices that high will likely fall back or plateau as the Federal Reserve begins raising interest rates or strengthening the U.S. dollar. The medium is somewhere in between...I'll let you boys work out the numbers