Club Mulgoa

Friday, May 17, 2013

Uranium

In spite of tumbling commodity prices, the price of uranium has remained steadfast.  2013 is going to be an interesting year to sail through for this element.  The Russian contract with the USA on the supply of processed uranium ends.  The Reds were conned into selling it cheaply to the Americans.  When this supply dries up for the Western world, you cannot see the price hovering so low.  Uranium stocks have not been the flavour for some time now.  But the fact that the metal price has held well suggest to me that this is the floor...

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