Posted 29 October 2007 - 03:42 PM
Posted 30 October 2007 - 04:47 PM
I'm proceeding as if the uranium price has now turned around and is again in bull mode. We shall see. Also that the long-term picture is a very promising one. No guarantees, and trading on perceived fundamentals is really dumb, usually. However, the moves down after this spring's price highs in most uranium stocks burned a lot of people and got rid of "speculative excess" to a large extent, IMO.
Was $7 in 2000 and below $10 in 2002. It had not only a hard fall but the first move down in four years. Is this still really a bull market? I think so.
Posted 30 October 2007 - 04:57 PM
Mentioned this one in March when it was around 10. Also produces base and precious metals. Might get a little decline here; might buy some more.
Posted 21 November 2007 - 10:46 AM
It languished for many years, bottomed in 2000, $7, rose until earlier this year, over $130 per lb., then fell hard below $80. Now has rebounded to $93.
Posted 04 December 2007 - 09:10 PM
Posted 07 December 2007 - 07:30 AM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
Posted 30 June 2008 - 05:22 PM
Well, the bottom wasn't in. Many uranium miners just got absolutely crushed. Perhaps there are now some signs of life, but we'll see. Risk is certainly lower now.
Long-term, worldwide, I'm as bullish as ever.