A Bottom Now Seen In Uranium?

IBT reports on uranium spot price and its recent impact.

The market news is quoted as saying:

We recall that the spot uranium price had run hard early in the year as speculators returned from their forced hiatus to pick up on one commodity which had been lagging in the great commodity price push. Uranium reached over US$70/lb before a bit of a pullback to the high sixties until the tsunami hit Japan. Those speculators subsequently bailed once more and the spot priced plunged on heightened activity before finding calmer waters of stalemate in the mid-fifties.

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