Powerful Debut For Uranium ETF

Investors Business Daily reports Global X Uranium (NYSE:URA) soared 11% on Monday.

The market news is quoted as saying:

The uranium spot price has averaged $45.50 a pound this year, about 25% lower than the 2008 average price of $62. Salman Partners mining analysts forecast an average price of $78 a pound in 2011, $104 in 2012 and $95 in 2013.

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