The spot price of uranium is up $3 this week to 55.25 - a higher high following a higher low. This is a pretty reliable bottoming pattern, and many of the stocks are acting OK.

After the Japanese reactor disaster in March, I felt that the sector would be dead money for the forseeable future, which it pretty much was. But now, the long night appears to be over, so I've officially turned bullish on uranium stocks. I'm not saying they recover fully, but from here, the percentage moves should be good.

The best bang for the buck appears to be the moose pasture variety, although they may not move as soon as the producers. The main problem with uranium stocks right now, is many of them are tax loss selling candidates. I am acculating the ones that are currently above their Oct lows and acting well. I am also eyeing the ones still falling for a purchase in 3 or 4 weeks.