Uranium spot price falls below US$40/lb - Spot market slow - Activity, but no sales in term markets - Probably more of the same until July

Industry consultant TradeTech's Weekly U3O8 Spot Price Indicator was only down US$0.65/lb, but with the price dropping to US$39.75/lb,

One wonders whether the drop, at least in psychological terms, will turn into something much greater. US$40 has been tested time and time again, and now it's finally been broken.

http://finance.ninemsn.com.au/newscolumnists/other/8672944/spot-uranium-drops-below-us40-lb