uranium price?All uranium stocks are going nowhere ! Reason: Uranium price is stall at around 41-42$. According to forecasters, this should remain like this for 2010. Maybe some increase in 2011.
For me, forecasters can not predict timing or movement on any of the commodity prices. If they would be able to then they would be all on a beach or golf course enjoying life! Sometime a few of them are lucky.
But on uranium market, there is less people involved because of the complexity. This is why it is so difficult to get a direction right now. When the time comes, it will be just a kick run up for all uranium stock like last time. But nobody can predict when. At least we are all equal at the start.
My own personal forecast: Hang on to your MGA shares until uranium price start to lift than if you want to pull out do so.
I am long on it and not a pumper. Uranium will be needed for low energy cost! It will come back.
Good luck to all