Mmm europe and dow jones are still looking red. I am not sure about ura but probably we will be in a bear market for a while. Only good news is low price of oil. It will reduce our construction and production cost. Around 3500 level of ASX is best buy for medium term. However , short term probably more pain to come. Low US dollar does not help mining sector! Whatever you produce gold or nickel or uranium so on All metals' price are base on US dollar. So hopefully When USD start to rise again it will be good for mining sector and australian economy. Low oil price and rising american dollar will help australian market and economy. If kate really has a mine which starts to produce in medium term Ura is looking gold . If she does not everybody knows the outcome...
URA Price at posting:
2.0¢ Sentiment: None Disclosure: Held
