Quote:
quote:Originally posted by stolwyk
I predicted $100 in 2007-See below; but since that bad Cameco news came through, I want to upgrade that prediction to $115.
Note that my previous prediction (Made on 11 May 2006 and to last till May 11, 2007) was conservative:
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Posted - 27/09/2006 : 5:11:49 PM
1. PREDICTION OF U PRICES.
COMMENT: Refer to my post of 18 June:
"That is very low. Price on 11 May (see this thread) was already $42 and I pointed out that one can expect some additional $26 in the next 12 months to bring a total of US$68/lb".
Comment: We need to get $68 on 11 May 2007. It is now $54.00. I need another $14 to bring the price up to $68.
Sofar, 139 days have lapsed since 11 May and we gained $12. Till 11 May 2007, we could get: 365/139*$12=$31.51.
Add that to the original $42=$73.51, say US$73.50 instead of $68 predicted; so we are well on the way.
Based on $73.50, that would be an increase of 75% in one year!
However, we'll stick to $68 in the meantime. Am expecting say $100 in the year thereafter".
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Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
If the above (113) is correct you might have to re-estimate again Stolwyk