Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Strathmore Minerals Corp STHJF



GREY:STHJF - Post by User

Bullboard Posts
Comment by easyryderon Nov 09, 2010 9:18am
314 Views
Post# 17679211

RE: RE: Nov 5 - US$57.50 Uranium Spot Price

RE: RE: Nov 5 - US$57.50 Uranium Spot PriceYup... up $5.50 from last weeks setting.
.

November 5, 2010–The spot uranium price continued to climb with TradeTech’s Uranium Spot Price Indicator increasing $5.50 from last week to $57.50 per pound U3O8, the highest level reported by TradeTech since November 2008. The level of spot demand, although predominately discretionary, is exceptionally high. Eight transactions were concluded over the course of the week. Although some market participants temporarily withdrew from the market to reassess their positions, relative to the sharp increase in uranium prices reported last week, others continue to actively seek material. The recent rise in uranium prices has once again attracted the attention of investors and speculators. As a result, spot uranium demand gained momentum this week with hedge funds venturing back into the market along with utilities, intermediaries, and producers. Suppliers expect prices to continue climbing and thus, are under no pressure to sell. Therefore, spot uranium supplies available for sale are extremely thin. Recent transactions were concluded at or near today’s Spot Price Indicator and significantly above last week’s price. Today’s Uranium Spot Price Indicator represents TradeTech’s judgment of the level at which willing buyers and willing sellers would conclude transactions. read more

Bullboard Posts