Antinuclear

Still gloomy news for uranium investors – even China not the great hope

Finance 9 msn, 1 May 12 “……..In today’s post-Fukushima world speculators are looking a bit twice bitten and three times shy (twice being the bursting of the bubble and then the tsunami). Commodity funds appear less interested in including uranium in their baskets, and China appears about the only source of global growth in longer term uranium demand for the time being. ..

.. Last week in the spot market, only three transactions occurred totalling less than a mere 400,000lbs, TradeTech reports…  Until speculators feel more confident in reentering the market, or perhaps Beijing decides to build some quick stockpiles on cheap spot prices, the sellers have no reason to be aggressive….”

May 3, 2012 - Posted by Christina Macpherson | Uncategorized