Nary a week seems to pass without uranium getting pumped as "just about to rocket". This week the baton passed to Amir Adnani, CEO of Uranium Energy Corp (UEC) that, COINCIDENTALLY, has seen its chart go all flat and boring and low-volumey recently.
So to pump up da volume , Adnani told Bloomie today that prices were just about to jump from today's $40s to $100/lb (love!! round!! numbers!!) by the end of this year and that, "Towards the end of this year, uranium prices will start to move higher because the utilities that have uncovered forward demand will come back in the market to buy uranium either in the spot market or in the term market. We are going to see some hyper activity. Prices will have a similar run-up movement witnessed in the summer of 2007". Innarestin', huh?
In other news;
- GATA today announced that we should all buy gold because gold is going to go higher, a news statement that shocked the world.
- The copper buyers association of China says that buying copper is a very cool thing.
- The cake maker's consortium of the USA stated today that cakes are good for you and that we should definitely buy more cakes.
- The large stick chamber of commerce revealed that carrying a large stick will be this summer's top fashion trend.