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View Full Version : Australian Uranium plays picking up ? China induced


Sparty
08-05-2010, 02:53 AM
We seem to be seeing a resurgence in the Australian Uranium share index.

I wonder if this is due to currency issues with the USD about to fall markedly hence a shift to commodities or if it is due to renewed interest in uranium supplies. Supporting the latter is the new link between PDN and Chinese interests (http://www.australianuranium.com.au/blog/?p=368)....

http://www.australianuranium.com.au/blog/wp-content/uploads/2010/08/australian-uranium-share-index.gif

Interestingly the Global Uranium Fund (GURAF) (http://www.ino.com/info/196/CD3918/quotes.ino.com%252Fanalysis%252Ftrend%252F%3Fsymb= NASDAQ_GURAF%22) isn't looking very strong.

I wonder if the shift in the chart is more due to the USD outlook (http://www.ino.com/info/196/CD3918/quotes.ino.com%252Fanalysis%252Ftrend%252F%3Fsymb= NYBOT_DX)

Nonetheless I have begun moving money back into the uranium sector.

If you'd like to know about Australian Uranium please visit http://www.australianuranium.com.au