RE:RE:Fake Spot Price continues to influence.I think the point destinator is making is that the argument you make does apply to a company that produces Uranium and derives its income from sales that are linked to thespot price.....such as CCO for example. But how does a movement in spot price affect the shares of companies that do not even produce Uranium yet and whose va;lue is based on perception of future income from their deposits. Spot price can have no impact on the income stream because there is no income. So how does that affect the stock valuation unless it is an excuse to manipulate the stock...which of course is very likely the case.
M
teevee wrote: Long term contracts are tied to, and fluctuate with spot prices through complex formulas unique to each long term contract. Until and if long term contract prices are decoupled from spot, uranium stocks will continue to be impacted.
Destinator wrote: How can a price that seems to be set abitrarily continue to impact Uranium Stocks?
It boggles the mind that every day the Futures prices drops a few cents per lb yet no contracts actually exchange hands.
Today it fell $1.10 for no apparent reason. We will see if the number of contracts actually resemble any significant volume. The past couple of days the Futures price droped without a single contract changing hands.
Hmmm. If we could figure out how to move the Futures Price without actually bying any contracts we could make a fortune buying these Uranium Stocks. Do you suppose that someone beat us to that game? Are you tired or my sarcasm? I hope not because I'm just getting started.