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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (3945)	10/3/2006 5:22:03 PM
From: TheSlowLane	Respond to of 29622

Hi VT, as far as I know, there is no Uranium stock index (actually, Dines may have one, but I don't think he publishes it publicly and I do not subscribe). There are really very few current producers, of which Cameco is the 800-lb gorilla. There are a handful of mid-tiers, like Denison, but I don't pay much attention to anything but the juniors. Uranium trades differently than any other commodity. There are just a few producers and not all that many consumers either. Most of the product is purchased under long-term contracts. I read a comment by someone today (don't remember who) that said there is no futures market for uranium and if there was, then uranium would be priced at $100/lb right now. Clearly there has been a growing influence of speculators and hedge funds in taking product off the market, but imo, they are just another layer on top of the fundamentals and not the primary drivers. Cheers, tsl