There have been ?numerous reports? of Chinese traders seeking to sell uranium on the spot market, UxC said Feb. 15.
Listen, I know some of you think that I may be a little bit crazy,but if you think about what I am about to put out there, you might even agree with me.
What is stopping the Chinese from selling some of the
uranium that they have already bought, back into the market
at a cheaper price.You have to ask yourself why would someone sell uranium into the market at a 6% reduction.
I can only think of one thing. To prevent the price from
sky rocketing so you can buy your product at an affordable
price.Say they (Chinese) sell some of their $40.00 uranium
back into the market for $68.00. Not only do they make a profit but they prevent the spot price from temp. rising
and allowing to buy at a price they seem reasonable.
The Chinese are smart.I am sure this is all part of the master plan and the Chinese are stearing the ship.
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