RE:RE:RE:whats the selling aboutstockvader wrote: manga, true, but the dow is not lower by 7%. In any case, I agree with your general comment. this is only a blip in the big picture. U prices are rising in 2014 and in 2015 and 2016 is where we will see the mega spikes. at spot price of 72$, we can comfortably assume a 4$ price for URE share I think.
No, it's not down 7% but it is a flight from risk. Mining, resources and other typically risky sectors are getting killed. Uranium is considered a highly speculative sector.
This has nothing to do with URE. CCO is down 5.5% even.
It really makes no sense since the fed telegraphed the taper extremely well. It is amazing that the markets are acting shocked. Furthermore, the taper affects long term interest rates. I.e. years down the road.
This is not based on fundamentals at all. It is a culmination of an overbought US market and speculation. It's not fun, but that's the business we are in.