Peak uranium gold, silver, copper or nickel, uranium is not widely traded on an organized commodity exchange such as the London Metal Exchange. It is traded on the NYMEX but on very low volume. Instead, it is traded in most cases through contracts negotiated directly between a buyer and a seller. The structure of uranium supply contracts varies widely. The prices are either fixed or base on referenced to economic indices such as GDP, inflation or currency exchange. Contracts traditionally are based on the uranium spot price and rules by which the price can escalate. Delivery quantities, schedules, and prices vary from
Commodity Futures Modernization Act of 2000 were, in practice, mostly energy and metal commodities. As discussed below in Section 4, these transactions were subject to the "anti-fraud" and "anti-manipulation" provisions of the CEA in some, but not all, circumstances. The PWG Report had recommended that exemptions for such transactions remain in the control of the CFTC, although it had recommended the continuation of those regulatory exemptions. Title I also resolved the issue of "hybrid instruments" by defining when such an instrument would be considered a "security" subject to security laws and excluded from the CEA even though it had a "commodity component." Equivalent treatment of bank