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Gold/Mining/Energy : Uranium Stocks
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To: I_C_Deadpeople who wrote (3343)10/12/2006 7:45:53 PM
From: Condor  Read Replies (1) of 30278
 
Thursday, September 21, 2006
Speculators flock to uranium's glow

.......snippet

So far this year, the handful of funds that have caught the bug have purchased about eight million pounds of uranium on the spot market, according to Ux. This compares with about 8.75 million pounds for all of 2005, and perhaps an eighth of that in 2004, when investors started to buy the metal instead of just its producers' shares.

Adjusting for some sales, fund executives and industry analysts estimate that investors now have a total of about 16 million pounds sitting in licensed storage facilities.

globeadvisor.com
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