Tuesday
Aug172004
URANIUM UPDATE
Tuesday, August 17, 2004 at 01:36PM
The uranium miners and explorers have been in an amazing uptrend this year. The uranium price is stalled at $18.50US/lb.
http://www.uxc.com/
However Cameco (CCO.TO) has moved to a new high today and many of the smaller companies that I follow have the potential for moves after a period of consolidation. I don't see abnormal volumes yet but I'll be looking to get my share of any upside. I need to sell some SKY.V and redeploy.
These companies are well financed and have active summer drilling programs so there is news flow potential in the next few months.
http://www.uxc.com/
However Cameco (CCO.TO) has moved to a new high today and many of the smaller companies that I follow have the potential for moves after a period of consolidation. I don't see abnormal volumes yet but I'll be looking to get my share of any upside. I need to sell some SKY.V and redeploy.
These companies are well financed and have active summer drilling programs so there is news flow potential in the next few months.
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