URANIUM 1.02% $24.70 uranium futures

broker prices now indicate $56, page-17

  1. 5,800 Posts.
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    @Fluffy - I think TradeTech and Bloomberg are reporting two different things.

    TradeTech monitor and report on the ACTUAL spot market - the transactions that occur and the prices they occur at.

    Bloomberg is purely financial - it represents the speculator end of the market, the futures, the "paper" uranium if you like. It is a derived, CONtrived market, as are so many derivatives such as futures. As you say - Bloomberg updates every 10 minutes - but real world uranium transactions simply do not occur at that sort of frequency. Only the paper uranium does - and that is meaningless unless you're dealing in uranium paper yourself.

    Of the two, the one that has by far the more relevance in terms of any uranium producer's sales and contract price would be TradeTech.
 
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