Uranium romance to be rekindled?

- February 11th, 2009

Uranium Investing News & U308.biz report uranium spot fell with commodities’ market.  ”We expect the uranium market to remain fairly robust over the next few years, and to support a price of roughly US$60/lb,” said Desjardins Securities analyst John Redstone. The spot market price of uranium took a dive like most commodities after recession fears began … Continued

Uranium Investing News & U308.biz report uranium spot fell with commodities’ market. 

”We expect the uranium market to remain fairly robust over the next few years, and to support a price of roughly US$60/lb,” said Desjardins Securities analyst John Redstone.

The spot market price of uranium took a dive like most commodities after recession fears began to grow and hedge funds began selling off their holdings to cover losses. But, analysts forecast investor interest will soon return as the world looks towards alternative energy sources. “Uranium prices could recover faster if the investor segment rekindles its interest,” said Gene Clark, Trade Tech Chief Executive Officer.

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