RE:RE:RE:uranium miners Going to Soar Next weekMarkets fluctuate...always have...always will. Lots of factors all coming together and nothing to stop them. The video posted last week deserves attention as it sets out the coming scenario based on what is really going on in the nuclear industry. The Russians and Kazakhs deserve our attention and this new Swiss Trading Arm looks set to become the trigger for setting off this Bull run in September. We will not see much action through the summer but when the buyers are back in September and there is nothing to buy...that is when the contracting panic sets in. The Russians know full well that ramping up mines that have been shutdown takes many months...years even so when you control 60% of the market production capacity and are in no hurry to sell where do buyers go? Spot market...forget that volumes nowhere near high enough. Term market.....Cameco is already using its reserve capacity to fulfill 32 million pounds of committment with 25Mlbs of production.
The Russians and the Kazakhs are going to drive this market hard...very hard and extract billions from utilities in the process....a problem which if I may say so...they brought entirely on themselves.
Malcolm