Oil, Gold And Uranium prospects analysed

Proactive Investors report on the uranium markets and its analysis of uranium prospects.

Turning to the uranium market, BA Merrill Lynch suggests the combination of ample supply, aggressive sales from new market entrants and well-covered utility requirements means there is little chance of any spot market tension (upside) this year without any major disruption to production.

On the flip-side, BA Merrill Lynch sees support and limited further downside risk to prices at US$40 per pound, as buying and holding material becomes attractive at this level when compared to term-escalated contracts.

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