Uranium

As 2012 drew to a close uranium buffs had a few things to cheer about and after a rough ride in January, the direction remains positive.

Market activity and the uranium spot price both heated up a little last week.

With Paladin well liked operationally, the uranium spot price outlook is becoming the most important factor in a broker’s assessment.

Rallies will be hard fought this year and stock picking needs to be selective, as brokers air expectations for resources, retail, building, software and healthcare.

Last year ended with uranium prices pushing a little higher week by week, but trading so far this year indicates it will be a slow road to recovery.

A wrap of the day’s activity on the Australian stock market.

Just when we thought it would be safe to settle down for the holidays, uranium traders decided to keep on trading, setting up for what might be nice little Christmas rally.

Just when we thought the uranium market was settling down for a quiet holiday season, bingo, we get a run of buying.

Uranium prices drifted a little higher in November, but market watchers wonder if this tiny bit of upward momentum can be carried into the New Year.

A wrap of the day’s activity on the Australian stock market.