The 2007 uranium price spike from $20 to $150 was driven by utilities bidding forward inventory, then hedge funds and banks amplified it via derivative contracts on COMEX, and leverage in the financial system (not supply shortage) caused the price crash during the 2008 financial crisis.
causalpending
Speaker
Nick LawsonEvidence Quote
“we created a derivative contract on Comx. Everyone got involved...But what really knocked out the uranium price wasn't Fukushima. It was the leverage that was in the system at the time of the financial crisis.”
Created: 8/11/2026, 6:31:16 AM
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