Thanks to both of you, Ninja and G64 - enlightening reading indeed...!
The bottom line is that the uranium price no longer performs in response to the simple supply-demand equation. It is totally manipulated (yup, that word again) by financial institutions and trading houses.
Letting the financial sector into the commodities sector is good for the financial sector but BAD for the commodities. I shudder to think who is fiddling the iron ore prices at the moment. But as G64 points out, once the NUFCOR stockpiles have gone, the spot price of U308 should go up.
Unless some other bank/fund/trading entity intervenes...!
Thanks to both of you, Ninja and G64 - enlightening reading...
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