Uranium Bull Market
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.