Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Tuesday, December 05, 2006

Sounds Like Uranium Market Is Getting Tighter!

I found this on

According to TradeTech’s monthly edition of Nuclear Market Review (NMR), for the month ending November 30th, “Most sellers adopted a ‘wait and see” approach, choosing to offer only small quantities (of U3O8) in anticipation of future price increases.” Transaction volume for November was significantly lower. Several deals were made for U3O8 equivalent for less than 50,000 pounds.

NMR editor Treva Klingbiel wrote, “Extremely tight near-term uranium supply is exerting pressure on all segments of the uranium market, including the loan market.” TradeTech’s Loan Rate for November 30 is 7.50 percent per annum. She pointed out, “Lenders continue to seek much higher loan rates, particularly for loans extending beyond a few months.”

Read the rest here:

Naturally, I would think this would make the picks in my Golden Age of Uranium report potentially even hotter! They could move a lot higher, faster, than most people think possible. Do you own this report yet? Maybe you should!


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