has this ever been posted before, page-4

SwampHogget,

Great Chart to post and I don't think it has been posted before.

My reading of the chart is as follows:

1. The current spot price low is still higher then the highs into the first half of 2006.

2. Years 2007 and 2008 were anomalies, during which time 4 major events occurred:
a. Leading into 2007 a spot price bubble was created based on false information of very low inventories.
b. In May 2007, the New York Metals Exchange (NYMEX) started trading in uranium futures ( I understand this to be spot price futures)
c. Mid 2007 and to early 2009. Realisation that there was in fact excessive inventories plus fuel from DOE etc.
d. The GFC tsunami in late 2008.

3. If you draw a trend line for the current lows of the Spot price you move back to 2006 prices.

4. Item 3 tells me that the GFC had no real impact other then posibbly slowing the gradient of the trend. It also connects with the fact that electricity demand is generally recession proof.

Good probability that Uprice will start to move upwards and have read that those that deserted the uranium futures after the GFC eg Hedge Funds, Investment banks, Professional speculators, producers and utilities are coming back on the back of the bright future for Nuclear Energy.

regards, jj