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Politics : Rat's Nest - Chronicles of Collapse

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To: Metacomet who wrote (6983)1/28/2008 12:26:35 PM
From: Wharf Rat  Read Replies (2) of 24216
 
Seven reasons the uranium price will hit $100 this year

09.02.2007
!A six-week long stalemate on the spot price of uranium has finally broken, with the price of the metal ticking up $3 to $75 per pound, according to Ux Consulting. Uranium investors have been holding their collective breath, waiting to see if uranium’s recent plateau was a peak. The answer seems to be, “not yet.” Indeed, my target for the metal is $100 per pound by the end of this year.

It could be a bumpy ride, though. I’ll tell you about forces that should drive the uranium price higher, as well as a few that could drive it lower in the short term.

By Sean Brodrick for Whiskey and Gunpowder

moneyweek.com
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