Uranium Sector

The Uranium Sector has been down since the Fukushima meltdown in Japan in March of 2011. The accord to buy Russian warheads for the Uranium expires soon and there's a concern if theres enough to go around.
China has been building Nuclear plants at an rapid pace which will probably put an Floor on prices at some point soon if not now.I can speculate that this has something to do with Iran's current situation. China is a partner in buying oil from Iran so why not Uranium.

The Uranium sector is not a large one especially when it comes to processing Tailings. The chart below is used as an proxy for the spot price movements on uranium prices. As you can see we got the first break of the 52 lagging line. It's early yet , but should be forming the wave 1 for the wave 2 pull back.(hopefully)

click to enlarge