The stubborn spot price of uranium has frustrated market watchers for the past year. As most long-term contracts have been made at higher prices, astute investors have been slowly moving into the stocks of uranium producers and explorers in anticipation of a move expected in 2014.
With the Federal Reserve intent on holding the federal funds rate at 0%-0.25% until unemployment falls to 6.5%, or even 6.0%, U.S. savers require patience – it could be up to two years before any increases in short-term interest rates.
The long-term “irreversible” trends continue to develop. Many of the trends, such as debt creation and the movement away from the U.S. dollar, are accelerating and their consequences are appearing globally.