The NYMEX futures market will put upward pressure on U prices.
One only needs to look at Copper, Nickel, Zinc etc to know that these prices have gone higher not just because of physical demand but also due to funds taking long positions. Same thing will happen with U.
I expect another rise shortly after NYMEX get the U futures market underway. US$150/lb in 2007 is a mere formality - US$200/lb is possible.
The NYMEX futures market will put upward pressure on U...
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