what's with the spikes in uranium stocks?
The idea they are "quitting" is smoke and mirrors at this point. They now are importing nuclear power from what they dropped.
If there is now a shift out of tech we stand a chance of moving up
2014 looking good
Actually U spot is only like 10% of market transactions. Its kinda irrelevant but many mistakenly peg uranium stocks to it. And spot prices are very different than what deals long term are made for. Uranium is actually selling for $60-$70 on contract right now. Its at a profitable level. smart money knows the irrelevance of spot and tracks the contracts announced.
Wyoming business report on UR-Energy says post fuku they were able to line up buyers at contracts for $63
I think there is some fundamentals in play driving small pop. They secured financing and spot has appeared to really bottom after a multi month slide.