Some Early Signs of a bottom in a metal down 70% from its highs a year ago

Posted by Mark Leibovit - VR Trader

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Uranium

The June Uranium Futures closed at $44.00. The current bear market low is $42.00. June 13, 2007 hosted the bull market high of 154.95. Major support lies well under the market at $36.00. Confirmation of a bottom should be evident when the uranium shares begin as uranium shares regain their footing. We’re getting some early signs here, so stay tuned.

Uranium

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