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Message: Spot price of Uranium increasing

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Re: Spot price of Uranium increasing

in response to Spot price of Uranium increasing by macapaca

posted on Apr 22, 09 10:11AM

The uranium spot price rose for the first time in nearly six months on Friday to $41.50 a pound, up 2.5 per cent according to TradeTech LLC. So far over 4.3 million pounds have been traded for the month of April, nearly double that of January through March combined.

Looks like all the ingredients are in place for uranium tto make a copper-like move in price very soon. The USD is poised to fall, price is increasing and DOUBLE than average volume. The vol. increase is key to set the stage for higher prices.

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