Uranium Contract To Debut on Nymex - WSJ.com
Is this a top or does this open a floodgate for new participants to bid Uranium higher?
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7 comments:
Only time will tell. If you ask that same question about single commodity ETFs, so far the answer would be floodgate, but I'll bet there are plenty of old-schoolers still scratching their heads over those.
Financial innovation in the mortgage industry seemed like a godsend to those previously unable to purchase a home, but might look differently now.
There will be a mushroom cloud of expansion, with the inevitable fall out.
A splendid comment, russell120. It radiates. And the fall out will have a lasting effect.
Hi,
Wow...heard about this last night, and it is worrisome to say the least. I think this would qualify as a "sell signal" however, I think that because everyone thinks that this is the "top" there are a few innings left. Last week I attempted to make a guess that this is more like a 2nd or 3rd inning, but it looks more like the bottom of the 6th or 7th. I am cautious. The sad truth is that Uranium may never be part of mass exposure because of it's trading limitations. I hope I am wrong!
As a somewhat experienced uranium mining stock trader, I have 24 stocks and 22 are up nicely to date. I would say we get a nice pop, it then range trades for a couple of months before we continue an uptrend that will last at least a few more years.
I'm just glowing with excitement myself!
(I really need a life folks)
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