Uranium Testing 10-Year Lows
Justin Smyth | Jun 25, 2014 07:23AM ET
It's rare when you find a market that is testing lows from 10 years ago. Uranium had a nice rally earlier in the year but was slammed back down in March and prices still haven't recovered since. Before that uranium had been suffering in a 3-year bear market from the Fukushima black-swan event that killed the uranium bull market that started in 2010. So uranium really has been in a 7-year bear market since 2007 with an aborted bull market in 2010. I think this sector is working keeping an eye on but it needs to set back up again and that might take time.
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