Uranium Goes Nuclear

Source: Sunday Times (2/25/07)

URANIUM prices rocketed to their highest-ever levels last week as hedge funds plunged into the market and took big bets on prices rising even further.

URANIUM prices rocketed to their highest-ever levels last week as hedge funds plunged into the market and took big bets on prices rising even further.

The spot price for uranium oxide shot up $10 a pound over the week to $85 as buyers fought for the limited amount of the metal up for auction.

Analysts at RBC Dominion Securities, the Canadian bank that tracks the uranium market, said they forecast the average price for 2007 to reach $100 a pound.

Uranium prices have increased eightfold over the past three years, and by $13 a pound since the beginning of the year. It has become the latest commodity to enjoy a boom, following similar runs in the price of gold, copper and iron ore.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."