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The weekly chart shows a bearish continuation rectangle pattern.
Using the previously successful measuring method, (click here), the same "2.0c approximate target" is shown...
View attachment 44834
When will uranium stop falling?
How long until Fukushima is forgotten?
"It's more than seven months since the nuclear meltdowns at Fukushima and thousands of evacuees are coming to the realisation that they'll never be able to go home.
There are many radioactive hot-spots around the nuclear plant - some with radiation levels comparable with the zone around Chernobyl...
...(sound of Geiger counter screeching)
"The radiation level here is so high that some of the Geiger counters can't measure it""
Link
:bananasmi
Yes, but Chernobyl didn't stop nuclear power and I'm guessing neither will Fukushima.
It'll be back to the drawing board sort of stuff , Plants will be designed with more safety controlls , even earth quake proofed if thats possible, but demand for cheap power is not going to dissapear, so what are the alternatives...?
There are a lot of unloved uranium miners trading at, or close to the bottom of their ranges right now, I'm not saying they're a good trade today, but for some, who don't mind taking a few years view with funds to spare, could pay off well when the time comes to act..
Lol, still waiting for that 2.0c.
There are two dimensions on a chart, and two in a prediction you know - price and time. When will it be at 2.0c? 1 day, 1 month, 1 year?
When will uranium stop falling?
Yes, but Tysonboss, you are forgetting that nuclear is intrinsically evil. It creates mutants, godzillas...
When will uranium stop falling?
Everything in this indicator is pointing to lower prices...
About now.
Sounds very 'Onion'-esqueI beg to differ...
"Godzilla-like creature ”natural phenomenon”, says TEPCO chairman
Fukushima, Japan, April 22, 2011 – The large, Godzilla-like aquatic creature that has appeared off the coast of Fukushima, Japan, was described by Tokyo Electric Power Co. chairman Tsunehisa Katsumata as a ”purely natural phenomenon” entirely unconnected to the ongoing crisis at the Fukushima Daiichi nuclear power plant. His assessment was subsequently confirmed by Japanese governmental authorities."
...the Board is too scared to publish the Feasibility Study. Agreed.
My query if uranium has now totally a untouchable commodity why BHPB has decided to invest so massively in Olympic Dam ? The real reasons we will probably never know unless there is some one from BHPB discloses it.
You also failed to point out that your chart in post 2090, shows that since november 03, we have had a series of higher highs and higher lows , and I could be wrong but I'd be surprised if that trend didn't continue...!
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