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Uranium ETFs might soon be glowing

Posted on 27 November 2012

Uranium has been hammered by the supply-and-demand cycle that affects all commodities, sending prices of the radioactive metal from $100 a pound five years ago to around $43 today. Yet the phase of declining prices for uranium appears set to change, which should fuel a heady rebound in both the underlying commodity and the ETFs that track it.
It’s easy to see why demand has been weak, particularly following last year’s Fukushima disaster in Japan that caused many countries to question their commitment to nuclear power………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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