Uranium

• $2000 Gold in 2009 says Peter Schiff, Ron Paul supporter
• Spot Uranium Market Subdued-

  The spot uranium price has decreased slightly over the past few weeks. It remains at $89/lb, where it has been since December 31,2007. Chart courtesy of TradeTech, www.uranium.info

   

• Uranium Mania-

  With recent news of uranium futures contracts available through NYMEX beginning yesterday (May 7th), I was looking for a price chart for the spot price just to get my bearings on its rise which has been well publicized. It really is funny … go to Google, above the text box, choose “Images” and enter “Uranium price” for your search. You’ll get a LOT of uranium price charts all going from the bottom left to the top right. No surprise. But you’ll open one chart, say this one and you’ll think that the price is somewhere around 85.

  

  The heading says that the data is up to February 2007, so your first guess is that this is a fairly up-to-date chart to start with. But then, through the same list of findings from your Google search, you also will find this chart:

  

• Uranium Mining Stocks grossly under perform Oil Stocks- Uranium mining stocks once the darling of the resources sector have come off the boil. Is this a trend change or a pullback in a very overheated market?
  
  Until recently the market has been going gaga over uranium mining stocks. Some say it was classic bubble syndrome. New floats were coming to market at huge premiums and non-resource companies were rebranding themselves as Uranium explorers.
  
• Spot Uranium Price Declines Due To Supply Influx- The weekly spot U3O8 price survived 47 consecutive months without a drop in price.  Since then, the spot price has been on the decline.