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    Uranium Hits Another Record High - Futures Begin Trading Soon

    From Yahoo Finance:

    The new NYMEX futures market will involve financially settled contracts that are separate from the physical uranium market. Traders won’t take possession of the commodity, but they can take title of it and receive exposure to its price.

    “We are excited to introduce uranium futures contracts and to provide the industry with a transparent price discovery mechanism. We expect to create a benchmark contract for this important and underserved global market,” says Richard Schaeffer NYMEX Chairman.

    Uranium New Highs


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    Comments

    Pingback from Midas Oracle .ORG » Blog Archive » Uranium futures soon on NYMEX
    Time: August 4, 2007, 2:41 pm

    [...] Uranium futures soon on NYMEX Via Steve Roman’s professional blog: [...]

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