Spot Uranium Price Goes HIGHER!

If you're wondering why uranium stock are lighting up green when the rest of the market seems headed lower, this might be why ...

Uranium price climbs for first time in 17 weeks Uranium has shown its first sign of strength in quite some time. After falling or remaining flat for 16 weeks, the spot price for uranium climbed US$3 to US$78 per pound last week. "Buyers have begun re-entering the market," TradeTech said in its Nuclear Market Review.

... snip ...

It looks like the price for uranium has bottomed and a “moderate and more orderly appreciation in price is about to begin,” according to Blackmont Capital analyst George Topping.

“Although we do not know the volume associated with the TradeTech price, we note that for the past 2 weeks we have seen stable prices, but with much higher volume,” he wrote in a note to clients.

So, I DID call the bottom on uranium in my October 3 MoneyandMarkets.com story, "A Distant Metal Thunder." Hoody-hoo! I was sweating that one, I don't mind telling you.

I would give you a link, but the technical geniuses at Weiss Research have redesigned the website so we can no longer give direct links to back issues. What will they think of next? Maybe they can go to all-black type on a black background, or something equally as useful.

And yes, that was sarcasm.

UPDATE: Wait! I can give you a link to that story at The MarketOracle.co.uk in the UK. Here you go: http://www.marketoracle.co.uk/Article2343.html

Funny that I have to send you to a non-Weiss site to show you the story I wrote, but again ... we're dealing with GENIUS!

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