markets follow nonfairytale u which $ 69.77, page-3

TradeTech and UXC report on the spot market, with most uranium deals being between suppliers and nuclear power station operators. Those deals are not done on an exchange like COMEX or NYMEX.

Some spot buy (and selling) is done by speculators, and some is done by the uranium ETF.

You say that "the market is not following TradeTech or UXC" and you're right. But "the market" is not following the Bloomberg or COMEX prices either.

Most investors in the uranium market are looking much longer term. There is no reason why a mining company, or an exploration company, should suddenly be worth less or more based on a single-trade fluctuation in the ETF or the NYMEX price.

One needs to look at the trend, not the trade-to-trade noise, or the daily fluctuations. Uless you're doing day trading (risky), then I'd suggest just keeping an eye on the 30 and 100-day moving averages of leading stocks like PDN, or looking at the weekly chart as per TradeTech or UXC to see which way the trend is going.

At the moment, it is well and truly upwards. And no amount of daily "noise" will turn it around - it will take a few weeks of prgressively lower prices to turn the trend around.