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The Next Big Trade(Editorial) reports on the price analysis of uranium.
The Next Big Trade(Editorial) reports on the price analysis of uranium.
The article is quoted as saying:
The chart shows the end of the last massive run in uranium, where the spot price went from $7 per lb. to $136 per lb. from 2003-2007 for nearly a 2000% gain. The parabolic top in 2007 ended the Stage 2 advance for uranium, and the Stage 3 top was fairly small due to the parabolic rise. Once uranium broke down below the 30-week moving average in 2007 the 30-week moving average turned down and the price of uranium trended lower into a Stage 4 declineThe chart shows the end of the last massive run in uranium, where the spot price went from $7 per lb. to $136 per lb. from 2003-2007 for nearly a 2000% gain. The parabolic top in 2007 ended the Stage 2 advance for uranium, and the Stage 3 top was fairly small due to the parabolic rise. Once uranium broke down below the 30-week moving average in 2007 the 30-week moving average turned down and the price of uranium trended lower into a Stage 4 decline.
