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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (9185)	9/17/2014 8:09:27 AM
From: Goose94	Read Replies (3) \| Respond to of 202861

(FCU-V) Uranium entered a bull market amid new sanctions against Russia over its conflict with Ukraine and a labour strike at the world's biggest mine in Canada. Atomic fuel has advanced 21 per cent in New York from a May 20 low of $28 (U.S.) per pound, according to information from Ux Consulting Co., which provides research on the nuclear industry. The United States and European Union stepped up their sanctions last week on Russia, which provides enrichment services to western utilities, stoking concern the Ukraine crisis may deepen. In Canada, the United Steelworkers union on Sept. 12 said that it had reached a "tentative" agreement with Cameco ($21.05 (Canadian)) to end a two-week strike at McArthur River. Ux Consulting said, "The market may need some more time to digest the recent announcements about McArthur River and additional Russian sanctions to determine any additional impacts on price." Cantor Fitzgerald analyst Rob Chang says an agreement to end the strike at McArthur will be negative for the uranium sector. Expectations are for uranium prices to average $32.50 (U.S.) a pound in the fourth quarter.