spot price falls to new post-fukishima low, page-105

Even though the spot price is NOT the one that most contracts use, and is heavily influenced nowadays by hedge funds, uranium ETFs, speculators, etc, the chart for the spot price certainly is starting to look like a "blow-off" bottom (pardon the expression ;) )

It has gone parabolic in the inverse. And that usually precedes a sharp bounce - bit like the whole market did on March 9th 2009 - the famous V-bottom.

I suspect that this downwards exponential drop in the spot price (not accompanied by anything like it on the contract price) is caused by the traders etc and most likely by shorting on the ETF.

The bounce, when it comes - and I think that will be any time soon - is likely to be quite spectacular.