More to consider.

The 5-year chart next below shows the recent top in the uranium market as of March 2011, coinciding with the Fukushima Daiichi nuclear disaster. The price then, I think, was 72 dollars per pound. It then fell to 28 dollars as of early May of this year.

A longer term picture tells a different story, with a market top at about 138 dollars a pound.

However, in comparing uranium stocks to those of oil/natural gas, there recently seems to be some exaggerated similarities in peaks and troughs, which answers the question about what effect lower oil is having on POU.

http://finance.yahoo.com/echarts?s=URA+Interactive#{%22range%22%3A%223mo%22%2C%22lineType%22%3A%22combo%22%2C%22scale%22%3A%22linear%22%2C%22comparisons%22%3A{%22^XOI%22%3A{%22color%22%3A%22%23cc0000%22%2C%22weight%22%3A1}}}

Given the opinion of many observers that current prices of oil and gas are an abberation that should not last much longer, I would suspect that POU should be rising soon also, and more strongly when looking at the differences in fundamentals behind these markets.

VP in AZ