It's just profit taking.
No sector goes up in a straight line.
I am not sure, however the NYMEX future contracts will not trade like a normal futures contract and there will be restrictions.
I believe the current auction bid process that has worked so well for all of us uranium bulls, will still be the way the spot price will work, with the NYMEX contracts just a reflection of this. IMHO.
In the article it stated that
"The contract will be settled on the spot month-end price U3O8 price published by UxC, the exchange add."
So it should be as it was with UXC publishing their spot price once a week, with the NYMEX taking the month-end spot price number.
Once this is cleared up, the stocks will soar again. IMHO.
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