Nymex to trade uranium futures on Monday, May 7
By Christian DeHaemer
The New York Mercantile Exchange will introduce exchange-traded uranium futures products for trading on May 7.
Volume has dried up prior to the start on Monday. The uranium price has stalled at $113 a pound. I expect that the demand will be very strong next week as New York hedge funds bid up the premium.
This trading should add a little to the transparency of the now-hidden uranium market. It will also bring higher volatility. I expect the uranium price to go higher and the biggest beneficiary to be those holding the most uranium in the ground.
I’ve prepared a free Report that discusses this once-and-a-lifetime catalyst.
Sincerely,
Christian DeHaemer
Founder, Editor and Chief Dishwasher - GRESSOR
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