The best signal for the rebound U prices and therefor also mining shares is the increase in price of the of the non-miner Uranium Participation Corporation (U.TO). It is a closed fund whose primary investment objective is achieving appreciation in the value of its uranium holdings which are a substantial 7,250,000 lbs of U3O8 and 2,374,230 KgU of UF6
Short of another catastrophe, up is now the way as UPC buy signal is for higher physical I prices.
Cheers
PDN Price at posting:
$3.30 Sentiment: Buy Disclosure: Held
