The recent announcement by Obama administration to grant the loan for the construction of new reactors does not seems to push up the uranium spot price. It has declined since to the last year level.
This declines possibly due to the conversion of the US nuclear weapons and Cameco getting closer to remove the floods completely.
With the recent decision by Obama to cut the nuclear weapon, how does one see the impact on the nuclear market in general?
I am still holding uranium stocks because I believe China and India demand can make a difference. But then I have been hearing this same news for a while and my believe starting to fade away.
Hoping a U-turn on uranium spot price will come soon.
