NYMEX to start trading Uranium

Big premium? Not really. It's probably the "carrying charge" for the uranium. Chances are, it ain't cheap to keep that stuff in storage.
 
Quote from nazzdack:

Big premium? Not really. It's probably the "carrying charge" for the uranium. Chances are, it ain't cheap to keep that stuff in storage.
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I don't think so. otherwise CCJ wouldn't have been selling it for $20/lb on long term contract last yr. this is ore; this isn't plutonium. storage is probably very similar to iron ore. (in other words, you make a big pile and you put a cover on it with a lock)
 
If there was a $1 / day carry cost on the contract (which is this case it's about 1%), then it'd be too easy to just short contracts and make a killing.
 
Yea I read that on tradinguranium.com today - Does anyone have any money in it? I would like to ask them some questions :)

Let me know. Thanks guys
 
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