GREY:UEXCF - Post by User
Comment by
Sparkletoothon Aug 01, 2009 1:12pm
491 Views
Post# 16184593
RE: RE: Whats going on here.,.,.,.,,,
RE: RE: Whats going on here.,.,.,.,,,re: believe the seers of the crystal ball thought that the U price should climb to $65 by year end. $70 next year and $80 the year after.
Experience shows commodity prices move quickly when they start to move. Experience also shows that the talking heads on television are no better at forecasting the future prices of anything than you and me. But if 48.50 is the recession price of U308, we can anticipate much better prices and more speculative interest in uranium exploration once the economy turns around.
It's probably too early in the new business cycle, but on the other hand this could get taken out any time so its worth holding. If Cameco or anyone else wants this, sooner rather than later would save them big dollars.