Agreed. There's a lot of time lag before changes in the USD show...

Agreed. There's a lot of time lag before changes in the USD show up in the price of stocks like Peninsula.

It will happen eventually though. The supply and demand picture for Uranium isn't really changing rapidly. So the background falls in the USD should eventually result in increased Uranium prices, in nominal terms. I think that's part of the reason why Uranium rose $2.50 recently, and I agree with those predicting $50-60 plus next year. It's actually pretty unusual for the term price and spot price to diverge like this. Eventually they'll come back together, and it's likely to be spot price rising to meet the term price given the supply and demand picture.

stochman