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Is it springtime euphoria or March Madness? History is being made every few weeks in the uranium pricing market. Friday's announcement by TradeTech's Nuclear Market Review magazine, raising the weekly spot uranium price to US$95/pound demonstrates another milestone. Soon, it won't matter whether comparisons are made in constant U.S. dollars or inflation-adjusted currency.
This past week, three transactions were reported by NMR editor Treva Klingbiel for less than one million pounds U3O8 equivalent. Two transactions of 650 thousand pounds U3O8 equivalent contained in UF6 and one for less than 300 thousand pounds of U3O8 were completed in the past week. Material was sold for immediate and June deliveries.
"Seven buyers continue to seek over three million pounds," according to Treva Klingbiel She added that several additional utilities have begun making preliminary inquiries about future purchases. "Buyers remain willing to pay higher prices," Klingbiel wrote.
Perhaps higher uranium pricing prompted the transaction between Exelon (NYSE: EXC) and UrAsia Energy (TSX: UUU), announced this past week for 2.5 million pounds of U3O8 to be delivered to the Illinois-based utility between 2009 and 2013. The uranium will be mined at UrAsia's Akdala and South Inkai in situ recovery operations in Kazakhstan.
NMR announced another 100 thousand pounds will be offered for sale in a sealed-bid auction next week with delivery in April. While the company was not named, nearly everyone in the uranium sector believes this unnamed company would be Mestena Uranium LLC. The private, publicity-shy company is based in Corpus Christi (Texas) and could be responsible for the spot uranium price reaching, or surpassing, the US$100/pound level sometime next week.
Given its current momentum, yellowcake or uranium oxide may someday trade on par with the price of silver. U3O8 is now priced at US$7.91/ounce (if measured in troy ounces as are silver and gold). By comparison, spot silver closed on March 23rd at US$13.13/ounce so it may take a while longer.
Uranium mining and exploration stocks have begun reflecting the weekly price rise in spot uranium, rebounding from the sell off in late February and early March. Many of the near-term producers don't require $100/pound uranium to show a profit on their mining efforts, but the high price excites investors - many of whom appear to be doing a 'New Year's Countdown' as spot uranium approaches US$100/pound.
We talked with Matthew Smith, who created a Canadian and Australian stock index. He is not a registered investment advisor. Smith began tracking a portfolio of 43 Canadian uranium and 25 Australian stocks as an index so that investors could quickly compare how their uranium stocks fared against his non-weighted stock index.
While Smith does not dispense investment advice, he told us, "I did not believe the uranium bull market was over." He was referring to the recent sell off. "Bull markets never end that way," he added. "The index rebounded accordingly, as it rose 10 percent from the bottom of the short correction, which is typical of corrections in volatile markets. We have formed a bit of support over the past 2-3 weeks and it could go higher."
Smith believes both the Canadian and Australians stock indexes could test their all-time highs over the next two months. He explained both indexes are dependent upon developments in the sector. He cited drivers for uranium stocks would include higher remediation costs at Cigar Lake, a change in the Australian uranium mining policy, superlative drill results from exploration companies and more consolidation in the junior mining sector, especially one with a large premium attached.
Smith also invests in uranium stocks and provided us with his basket of favorite uranium stocks, which he considers the 'least speculative' in his portfolio. Of stocks found in his Canadian uranium index, Smith likes UR-Energy (TSX: URE), Strathmore Minerals (TSX: STM), SXR Uranium One (TSX: SXR), Paladin Resources (TSX: PDN) and Pitchstone Exploration (TSX: PHP). Among Australian stocks, Smith prefers PepinNini (ASX: PNN) and Berkeley Resources (ASX: BKY).
COPYRIGHT © 2007 by StockInterview, Inc. ALL RIGHTS RESERVED.
James Finch contributes to StockInterview.com and other publications. His focus on the uranium mining and nuclear fuel sector resulted in the widely popular “Investing in the Great Uranium Bull Market,” which is now available on http://www.stockinterview.com and on http://www.amazon.com
Top Five Ways to Win With the Internet
Top Five Non-Scam Ways to Earn Free Money and Prizes on the Internet
Usually, people will start with number five and make you read your way down to number one to build up suspense. However, today I will be a maverick and start with number 1, one of the best ways to earn free money and prized from the Internet. No, I don’t mean finding good stock quotes and spending $10,000 dollars on stocks to earn money. I mean filling out offers, clicking on advertisements, and reading “BUY THIS!” and “WIN THIS WITHOUT ANY WORK OR STRINGS ATTACHED!” emails. However you get paid for just opening, clicking, and typing. Some of these offers may want you to provide a Paypal account in case you would like to cash out by paypal. You do not need to input a bank pin or a credit card number to have the site deposit money into your account. However, you will not be able to send money to buy items if you do not input a bank account pin or credit card number. You can create a Paypal account at https://www.paypal.com/us/cgi-bin/webscr?cmd=_registration-run.
Here is the list of links for the top ten websites starting with the best. Each three Descriptions will be offered below the links.
1) http://www.prizerebel.com/index.php?r=86564
2) http://www.points2shop.com/index.php?ref=mo3578
3) http://www.moola.com/moopubs/b2b/exc/join.jsp?sid=4d5449744e7a41794f54633d-2
4) http://www.race4offers.com/members/register.php?ref=mo3578
5) http://www.slashmysearch.com/earn/id/34551
1) Prizerebel is a great site that gives you points for filling out offers. When you register, make sure you give your real information. The prizes will be sent to the address you give and you will be notified by email. When you fill out offers, you may use any information, but the information should exist (ex. Don’t put 435 youarestupid lane as a address. Each point equals about one dollar. Free United States offers grant you about 0.25 to 1 points. If the offer exceeds one point, you usually have to download software or fill out extra offers that are incorporated inside the offer you clicked on. I would not advise doing any of the cell phone or credit card offers unless you truly want to participate in that offer. When you fill out an offer, make sure that you complete it enough to meet and requirements and description. Usually, it is better if you fill out the surveys a little more than necessary because sometimes the requirements may be unclear which pages actually count as a page. Delivery of prizes in stock usually takes up to 4 business days. If you custom order a prize, it may take longer. If you get your friends to register on this site under your referral link, you will get a 20% BONUS of their earnings(not deducted from them).
2) This site may be even better than Prizerebel. Definitely a must sign up for site. Points2shop is also a great site that pays you for signing up for offers. Register the same way as you did with prizerebel. On Points2Shop, 100 points have the same value as one dollar. One advantage of Points2shop is that they give you precise information about what you need to do on each offer. They are very nice about these things. For example, on one offer that costed money, they told me that if I just quickly filled out the offer and canceled my account, the company would not charge me. They also gave me around 3 dollars for the 5 minutes of time I spent. They also tell you how often the points are granted to you by showing you the approval rating. They also credit you very quickly. All of their prizes are from amazon.com. This gives you a wide selection of prizes with quick shipping. If you get your friends to register on this site under your referral link, you will get a 20% BONUS of their earnings(not deducted from them).
3) Moola is a great site that gives you money for playing games and searching. There is a boosterwheel in the top-left hand side corner of the screen that spins a wheel, giving you 3 cents to 9000 dollars at most 6 times a day when you use their search engine. They also have a boosters that give you money. If you try products their cash-back sponsers, Moola will deposite 80 cents to 23 dollars into your account. Some of these boosters are free. Now its time for those people that like to play games. There is a tower that lets you bet any amount of money that is any power of 2 cents (2 cents, 4 cents, 8 cents, all the way up to thousands of dollars). Now you pick your game. You can pick ro-sham-bo, or rock, paper, scissors. There is also the game that flips cards, and you have to guess whether the next card will be higher or lower. Gold rush is also another choice where you bet rocks based on the gold rush and try to win more gold then your opponent. Futher explanations for the games can be found on the web site. After you pick your game, you will watch an advertisement for around 15 to 30 seconds. These are the advertisers that sponsor Moola and this is where your money comes from. You may have to answer a question that has to do with the advertisement. After you play the game, a score report will come out. If you win, your bet is doubled. If you lose, you lose the money that you bet. Moola refferals have 4 tiers. You get a 4% bonus first 1st tiers, 3% from 2nd tiers, 2% from third tiers, 1% for 4th tier. If your friends refer more friends, you will get money from them too!
4) Race4offers is a good site to earn money. It may be kind of confusing. You also fill out offers on this site to earn money. The registration and offer filling is the same. However, there are more ways to earn money. Race4offers has another “currency” system called race points. Race points can be turned into cash, Race4offers lottery tickets, and used to enter into Race4offers competitions. The competitions will have explanations when they start. This is a reliable site to earn money and is probably the second most fun of these sites to use. First tier referrals give you 12% bonus and second tier gives you 3% bonuses.
5) Slashmysearch is an okay site to earn money from. This site pays you based on your activity. Use the site to search a lot and you will be able to make a lot of money. You can also fill out surveys to earn money on this site. The surveys on this site are much longer than the surveys on other sites, but they earn you more. If you set this site as your homepage, you may earn even more money.
These five ways are among the top ways to make money on the internet. If you don’t believe me, you can find testimonials on most of the sites. If you don’t believe that, go to http://www.scam.com and you will be able to find more real people there that claimed the site works. These sites do require a bit of work though. Just remember, if something sounds too good to be true, it probably is!
About the Author
Which T.V. should we get?
Okay, our old t.v. brokeofold age, like 12 years, so we're finding a new one. We want a 42 inch screen,no bigger, prefeibly not less. We want a flat screen, There are a few things that I wold like to know...
What do you prefer?
1.1080p or 720p
2. Plasma or LCD
3. What Company?
I would like a website or store, we have ideas but we want opinions. We're looking for one under $1400 for a 42 inch.
There needs to be ,at least, 3 regular ports for game systems, DVD players, exc. and 1 or 2 for HD. The buttons CAN NOT BE ON THE TOP OF THE TV!!!!!!. We also need, or want, glare prevention or something like it. I you could leave a website then that wold be great.
Thanks!!!
I would defiantly buy a 1080p TV, But with 1400 you don't have alot of options. Plasma is very nice but it will not be anti glare. Just about everything nowadays comes with a hdmi hd input, so the more of those the better. For the money you want to spend i would fork up an extra 200 buck for this fine TV. Panasonic 42" plasma. TH-42PZ80U. It is a 1080p TV with 3 HDMI inputs. Punch in the model number at bestbuys website. There are also known to price match and wheel and deal so maybe you can get it at your budgeted price.
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