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I saw quakes99 retweeting this so I thought I would share it with this UEX board. Be sure to check out the bar and red line chart regarding supply vs demand. During the last Uranium Cycle when the $60.00 to $70.00 U308 range got taken out the move was violent when it went up in price and violent when it went down in price. Has the uranium industry learned its lesson from past mistakes? Well, given how long it takes to get a mine up and running, I think that they have learned it VERY WELL.

Here is a quote from the Free Newsletter that needs to be kept in mind.

I’ve said it before and I’ll say it again: there’s a significant uranium supply gap looming and nothing that can fill it. When uranium goes it will go on an explosive run. And that time is coming because the world’s major uranium producers – Cameco and Kazatomprom – are pulling it near. Cameco is buying out the spot market. Kazatomprom is cutting production. The spot price is climbing steadily. The time to position is now.

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