RE: RE: Permits will drive this up if they every hI see today's price action as part of a broad market sell-off, which hopefully will not continue.
A general correction was overdue, but URE has been drifting lower long before the broad sell-off started, so this really should be the tail-end of it.
It would be nice to see a consolidation in the resource sector, rather than a correction. I think there's an even chance of that happening despite all the gloom and doom predictions. After all, where else can anyone put their money right now? You can't bank it or real-estate it, or anything else. Good stocks are the only option and that means companies with cash or assets or (like URE) both!