Copied from Paladin...

Copied from Paladin thread.

http://www.bloomberg.com/apps/news?pid=20601082&sid=aDvFGfT4ejbA&refer=canada

April 27 (Bloomberg) -- Uranium rose 6 percent, advancing for a second straight week, on speculation about possible buying of the nuclear fuel by an exchange-traded fund.

Uranium-oxide concentrate for immediate delivery climbed $2.50 to $44 a pound, Denver-based pricing service TradeTech LLC said in a report on April 24. Prices gained in the prior week for the first time in almost six months...

“We are still strong believers that the spot price will double from its lows over the next two to three years as the market moves into deficit on strong Chinese demand growth,” Macquarie said in a report. The bank predicted a “return of investors” as prices increase.