URÁN – ďalšia krátkodobá možnosť rastu ceny

Súčasné indikácie poukazujú na možnosť ďalšieho krátkodobého rastu ceny na úroveň $80/lb. Negatívom sa javí, že koncom mesiaca príde na trh US producent s ponukou odpredaja väčšieho množstva uránu.

The spot price indicator for uranium remains unchanged from last week at $75.00 per pound U3O8 with limited activities reported. Market participants are focused on the upcoming auction by a US producer, who is expected to enter the market this week offering approximately 100 thousand pounds U3O8 for sale. American markets are closed Monday for Presidents Day.


Although the spot price remained the same, sellers remain bullish and continue to not make any firm offers in hopes of capturing future price increases. There are some recent rumours of contracts made at $80/lb and above, so a substantial spot increase is expected mid-week.


Perhaps it's time for yet another mini rally throughout the uranium sector.


The U3O8 long term price remains unchanged at $75.00/lb U3O8 at least until February 26, 2007. Fourteen utilities remain active accounting for between 44 and 54 million pounds U3O8 equivalent.


Early trading in Austrailia suggests that investors are already starting to price in higher spot prices of $80. At mid-day Paladin shares were trading up 40 cents, 4.04% higher at $10.30 while ERA shares were $1.18, 4.79% higher at $25.83.


Junior uranium stocks are likely to also benefit from the plethora of news expected as we near the Prospectors and Developers Conference the first week of March. Companies with good news will want to have it made public so they can be talking about it at the Conference and are counting on stock appreciation from the conference buzz. Watch for news from near-producers and advanced exploration companies to lead the week's activity.


This past week uranium stocks had a big week. Much of this is due to the hype surrounding this small auction, and the other reason is that the Sprott annual conference for institutions will be held this Tuesday in New York, and Wednesday in Toronto. I assume it will be another big week for uranium stocks.


Most analysts predict a general fall back on the markets at opening with profit taking on last weeks frenzied activity. Mid-week should see markets return to normal levels ending with an up-tick by weeks end. Uranium stocks will see a strengthening on Monday in anticipation of the Tuesday uranium action and anticipated increase in spot price.


Source: u3o8

20.02.2007

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