spot u drops by usd10 to usd85, page-8

Uranium metal has been horded by hedge funds up until recently. This constricted the supply, which in turn drove the price way to high. The pull back has been cause by the need for hedge funds to liquidate almost everything they own to bail themselves out of highly leveraged position in the wake of the subprime mess, and to a lesser extent the US government freeing up a small amount of Uranium to the market.

This pull back is very healthy, but wont last as the demand supply balance is still a mess going forward for several years yet.

Do some google searches on uranium powered power stations being built, and plan to be built over the next 10 years. I thick my last count was over 65.