SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Uranium Stocks
URNM 55.65-0.1%4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: VAUGHN who wrote (1150)7/14/2005 6:49:37 AM
From: TheSlowLane  Read Replies (1) of 30230
 
Thanks, Vaughn. The release underscored the fundamentals driving this market:

"Many analysts consider the long term uranium market outlook to be more positive than almost any other mineral commodity. Going forward there is a projected shortfall of U3O8 as existing primary and secondary sources are being depleted against a background of increasing demand for U3O8 energy. Given the projected gaps in supply and depletion of existing high grade uranium deposits, exploration and new production are needed if projected demand is to be satisfied."

For several months now, the metal has been leading the stocks, but as Taikun just noted, the stocks woke up as a group and headed north on strong volume. Considering the run that the group had for the 2nd half of 2004, an extended stay at the spa was just what the Doctor ordered, but some of them were starting to look more comatose than relaxed.

The charts posted by Bob Hoye at 321energy recently of a selection of stocks all showed a similar pattern and all indicated that these stocks were getting to a decision point (up or down). Having a catalyst like the UEX news probably just helped to move them in the direction they were going to go anyway, but perhaps with a bit more enthusiasm. We'll see what happens next...

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News