.23 is the 52 week highSo naturally we are met there with some selling. Technicals say we should break .23 and get close to my short term target of .25. Obviouslt technical analysis is more an art than a science, so don't expect much from my prediction.
Uranium is getting lots of good press (EFR too), which is what I have been expecting. Below is a reecent release from Uranium One:
"MOSCOW – Canadian miner Uranium One, which Russian nuclear corporation Rosatom plans to consolidate and take private this year, expects uranium prices to almost double in a couple of years amid dwindling supply, its top manager said on Tuesday...
...prices would also be boosted once around 24-million pounds of secondary uranium is removed from the market under the US- Russian Megatons to Megawatts Programme, which winds up this year."
Just kickback and enjoy folks,
Simply