Tuesday, August 28, 2007

Uranium Drops Back, Time To Buy


{Here at Sound Of Cannons, We advocate quality uranium stock investments as much as your speculative funds will allow. This will be like shooting fish in a barrel when yellowcake bounces back and beyond!~Ed.}

“In early August, uranium bulls were drawing up plans for a march on $200,” writes Dan Denning of Port Phillip Publishing in Australia. “Since then, the uranium price has fallen over 35%, which also happens to be a standard technical correction in a long-term bull market.” Hmmn…
“The correction in the market took all the wind out of the sails of uranium juniors. But we think that's a good thing. Apart from some speculative forecasts on increased production in Kazakhstan, the fundamentals for uranium supply and demand are still bullish.”

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