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Friday, 06/17/2011 2:21:16 PM

Friday, June 17, 2011 2:21:16 PM

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Most important data is the uranium price for this sector. A important manipulator for the price of this basic material is china (import). Economists predict a huge upward reverse in the import of china by july. China had a huge stock of basic materials at the end of 2010. From then to now they almost consume everything of it. The heavy demandpikes for upcoming energy centrales won't be seeing this year, the end of the Russian HEU program will only end at 2013 (but it will end, thats sure!) so i don't think we will see this year a huge reversal in uraniumprice. But like i said before, china will buy more uranium and make again a big stock of it. Don't forget that the energydemand pikes in these upcoming 2 months. China, India and Japan said they will have some enegrgyderuptions. This year the uraniumprice can surtenly go back to the 65 for my opinion (enough for some big profits!!). A good buymoment is i think in a few week (4-6)! the 1.55 will be our next 52 week low i think.
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