uranium at 82 dollars per lb, page-7

U.J.
Based on the performance of uranium stocks in the past couple of months, i.e. fall well below Aug 16 low for most uranium stocks, I suspect uranium spot price will drop below US$75/lb very soon to confirm or complete the bear cycle.

Since a lot of uranium experts are more than bullish ever on uranium, I guess it is just a catching falling knife exercise, and getting hurt a lot. They are not looking good right now with so many false starts. I don't know how many people are still believe them.

Well, as always, the further the price falling, the closer the bottom is.