Uranium moves up another $5 to $125 per pound

According to the Ux Consulting Company, LLC, spot uranium has hit $125/lb, up $5 from early May. June uranium futures on Nymex are currently priced at $134.90 after hitting $140/lb in its first day of trading on May 7.

- Not only has the uranium crossover occurred, at $125, the uranium price per pound is actually close to a double of the crude oil price per barrel, which is now hovering around $65.

The uranium sector is red-hot. Seems like there is a new all-time high record every week. Now I'm just watching the latecomers pile in. Already taken my profits, thank you very much.

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