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Gold/Mining/Energy : Uranium Stocks

URNM 53.29

-2.0%

4:00 PM EST

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To: siempre33 who wrote (4356)	11/27/2006 1:22:52 PM
From: siempre33	Read Replies (1) of 30219

the $64 story.... For the week ending, November 24th, the TradeTech spot uranium price indicator marched higher to $64/pound. TradeTech CEO Gene Clark and President Treva Klingbiel write in the latest issue of Nuclear Market Review, “Spot demand remains strong with twelve buyers seeking offers for almost 6 million pounds U3O8 equivalent.” They concluded, “Spot buyers, although willing to pay higher prices, are finding it increasingly difficult to find sellers willing to part with material due to expectations for further price increases in the future.” Only one transaction, for approximately 250 thousand pounds U3O8, took place over the short Thanksgiving week. The $1/pound increase on TradeTech’s weekly spot price indicator continues to paint a picture of strong demand scrambling for a piece of tightening supplies as sellers are holding inventory for a higher price. New demand also entered the long-term uranium market this week. Published since 1968, TradeTech’s Nuclear Market Review reports the weekly uranium spot price indicator on Fridays while consulting group UxC reports a few days later. The UxC weekly spot price indicator remains at $62.50, but is expected to confirm the TradeTech price indicator when it reports again next week. Changes in the weekly spot uranium price indicator are reported on TradeTech’s information website: www.uranium.info Please email your feedback on this article: editor@stockinterview.com

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