SAN FRANCISCO -- The uranium market’s screaming uptrend was challenged this year after spot prices plummeted from $138/lb to $75/lb in just four months from June to October. Prices have since recovered to $92/lb, but stocks have yet to rebound. Investors want to know whether sentiment has changed.
At the San Francisco Hard Assets Conference, James Dines, editor of the Dine’s Letter, told listeners that “nothing has changed in uranium.” .... Dines said that “we have not yet hit the top of the cycle ... stocks will continue higher.”
AGS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
