Uranium jumps to $72 per pound! This is from trade tech that was just published:
If the $4 jump from cameco's mines made most Junior U's jump 15% I cant wait to see how this will impact them on monday. I was speculative when experts were saying Uranium will hit $100 now I am starting to believe it.The quest of buyers to secure uranium at fixed prices continues to fuel the price rise, with any spot material offered up by sellers creating a “feeding frenzy.”
As a result, the spot price for uranium jumped $7.00 this week to $72.00 per pound U3O8—the single largest increase reported since NUEXCO began publishing prices in 1968 (see chart).