http://www.dailyreckoning.com.au/cyclone-gonu-2/2007/06/06/ An independent perspective on the Australian and global investment markets Mon, 22 Mar 2010 10:33:48 +0000 http://wordpress.org/?v=2.8 hourly 1 http://www.dailyreckoning.com.au/cyclone-gonu-2/2007/06/06/comment-page-1/#comment-2288 Bill Fri, 08 Jun 2007 06:30:05 +0000 http://www.dailyreckoning.com.au/cyclone-gonu-2/2007/06/06/#comment-2288 Uranium prices are soaring because the hedge funds have moved in and bought up all of the free supply. It has nothing to do with increased demand. As soon as they realize it will be years before they can unload what they have bought to the "new" nuke facilities on teh drawing board, the prices will come back down. Maybe severely, just like what happens anytime a trade gets overcrowded. I wouldn't touch uranium with a 10 foot pole now. Over 400 new companies are now "exploring" for uranium, all formed during the last couple of years. The sector is way overhyped! Uranium prices are soaring because the hedge funds have moved in and bought up all of the free supply. It has nothing to do with increased demand. As soon as they realize it will be years before they can unload what they have bought to the "new" nuke facilities on teh drawing board, the prices will come back down. Maybe severely, just like what happens anytime a trade gets overcrowded. I wouldn't touch uranium with a 10 foot pole now. Over 400 new companies are now "exploring" for uranium, all formed during the last couple of years. The sector is way overhyped!

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