Friday, July 27, 2007

Stick a Fork In It

The Uranium market is toast for at least the next 4 months, maybe even longer.

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Regardless of all the cheerleading news about how uranium stocks are the next best thing since sliced bread, the chart says it all, and the chart does not lie. My uranium index is in a downtrend, and has been in a downtrend ever since that fateful day in April2007. I do not plan on touching any uranium stock, not even with a 10foot pole.

Gold is acting weak, and the Loonie is in a correction. This just means no one is interested in buying uranium stocks for the next little while. Stick a fork in her, she's done.

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