Going forward,,,I think that uranium will continue to do well simply based on the supply demand imbalance and show good relative strength against an overall market that will test our conviction in the story.
My feeling is that the entire year hinges on the price of oil. US dollar strength is not good for oil prices and therefore not good for Canadian markets which is where most uraniums trade.
Its very hard to make the separation and recognize that uranium is in its own bull market and divorce it from other energy commodities that have peaked and are now in decline perhaps just temperarily.
We have all seen the bullish outlook for U308 for 2007 and into the end of the decade. Anywhere from present prices up to 125$ lb. Ive made some easy money which is now in my pocket but I`ll be picken my spots from here on in. Good luck to the longs.