Jim Letourneau's Blog

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Uranium vs. Stocks

In a market where not much is working... except for a bit of tungstenmania... it pays to keep tabs on commodity prices.

The price chart below from the good people at The Ux Consulting Company indicates that uranium prices are steadily rising. Uranium stocks are still shaking off a demoralizing pullback. Many uranium stocks have had 50% gains from their recent lows but that is more a reflection of volatility than a trend change. Uranium stocks ran up in anticipation of higher prices so it is not surprising to see the stocks languishing in the face of bullish news. Uranium stocks are worth watching as many are currently toying with downtrend resistance lines.

Uranium Price