The Hedge Funds Weblog
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February 26, 2007
Hedge Funds and Uranium
Filed under : Hedgetalk
This is something to watch, from the Times Online;
"Uranium prices rocketed to their highest-ever levels last week as hedge funds plunged into the market and took big bets on prices rising even further."
Uranium prices have increased eightfold over the past three years, market watchers say prices may be driven up by the entry of speculative buyers into the market.
"We have hedge funds competing in the market for the very first time against the utility companies who are the normal buyers." The entire article is here.
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One Comment so far ...
One of the key drivers that will push the uranium price to extreme highs is hedge fund buying.
As these are new players to the market they are pushing out the utlities in the bid for uranium.
The power companies need to be bold and pay more for their uranium or else they will not have any!
http://www.uranium-stocks.net/utility-companies-where-are-your-brave-captains-of-industry/
We at
Comment on February 26, 2007 10:59 pmhttp://www.uranium-stocks.net/ are looking for $100/lb easily this year.