$ 60.Uranium prices jump to record high!
By Karl Heilman
31 Oct 2006 at 01:06 PM
Uranium prices jumped 7% to record highs on Tuesday as Cameco, the world’s largest uranium supplier, said a flood at an unfinished Canadian mine will delay shipments of the fuel by a minimum of one year, sources report.
Prices jumped to $60 from last week’s $56. Yes folk’s, uranium just keeps on climbing.
“Anyone who sells at these levels is going to be very disappointed in the coming weeks,'' Kevin Bambrough, a strategist at Sprott Asset Management said, “The price is going higher.''