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Uranium Investing News and U3O8.biz reports global markets hit by Wall Street’s recent turmoil and bail-out plans. According to Tradetech, as the credit crisis grew, so did spot uranium supply, as sellers flooded the market with material in efforts to raise cash. The game continues today, with sellers hoping that a quiet entry into the market …
Uranium Investing News and U3O8.biz reports global markets hit by Wall Street’s recent turmoil and bail-out plans.
According to Tradetech, as the credit crisis grew, so did spot uranium supply, as sellers flooded the market with material in efforts to raise cash. The game continues today, with sellers hoping that a quiet entry into the market will allow them to place material before the marketplace reacts to new supply with lower prices. Meanwhile buyers, in anticipation of more price drops, are suddenly scared of commitment and prefer to wait out the sellers which encircle them like desperate suitors.