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Gwen Preston – “Oh My Uranium”
I don’t mean to inundate you with uranium updates…but it would be inappropriate not to discuss the metal that jumped 13% in the last week. I added that jump in green on the chart below because it’s very hard to get a uranium price chart with the most recent week’s data.
It’s important to remind that there is almost no speculative action in the uranium spot price. Several mainstream metals have futures markets and leverage options and the like, all of which create speculative pressure on the price (in whichever direction).
Posted January 24, 2024
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