Just noticing that all of the news articles around the uranium sector seem to be full of optimism in the last few weeks.
IMO this is a really good sign that the spot price has found its bottom at $51.80 this week and should start on an extended northern trajectory within the next month.
This opinion is based on my feeling that the media does have a large impact on sentimental shares and commodities such as gold and especially uranium, so if the media is feeling positive then shorters who have been making easy money from the negative vibe around uranium post fukushima will be exiting their positions quick smart.
Look out for a buying spree of spot uranium and the juniors when the South African Nuclear deal is confirmed.
My top pick is Deep Yellow, which is showing all the signs of being the next Extract
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Just noticing that all of the news articles around the uranium...
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