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URANIUM & ALTERNATIVE ENERGY 4

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About time for a bump.................

Blue Sky Uranium Reports Positive Concentration Tests for Uranium and Vanadium at Amarillo Grande Project, Argentina
By: Blue Sky Uranium Corp.
Blue Sky Uranium Corp. (BSK.V) (MAL2.F) (BKUCF), ("Blue Sky" or the "Company") is pleased to report that the initial process testing on oxide material from the Company’s Ivana uranium-vanadium deposit demonstrated that simple wet scrubbing followed by wet screening results in the upgrading of metal concentration by approximately 300% for Uranium and 250% for Vanadium.
 

ZZZZZ

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Nice move today. Much more coming. Pardon the pun, but these could go nuclear at any point. JM2C, DYODD

I'm in these 3, each up about 30% last 3 months.

UEC .

DNN

FIS.V
 

louky

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Nice move today. Much more coming. Pardon the pun, but these could go nuclear at any point. JM2C, DYODD

I'm in these 3, each up about 30% last 3 months.

UEC .

DNN

FIS.V
Cool, I closed DNN and CCJ already :)
 

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Bump...…………..

Dr. Richard Spencer on the rising uranium market?
InvestorIntel


Published on Jun 26, 2018
June 26, 2018 – "The uptick has been in the last couple of weeks. There is a certain excitement in the market. It started late last year with Cameco and the Kazaks taking almost 15% of world production off the market. Since then there have been a couple of other transactions that have taken about 30% of uranium supply off the market. The market is just starting to react. For the first time we are starting to see an uptick in the uranium price that I think is going to be sustainable." States Dr. Richard Spencer, CEO, President and Director of U3O8 Corp. (TSX: UWE | OTCQB: UWEFF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

Tracy Weslosky: Richard, I was noticing, when we were doing some analysis this last week, what seems to be an uptick of interest in uranium. I think you had mentioned to me previously that you have seen a turnaround happen over the last several months. Can you talk to us about this?

Richard Spencer: Tracy it is less than that. The uptick has been in the last couple of weeks. There is a certain excitement in the market. It started late last year with Cameco and the Kazaks taking almost 15% of world production off the market. Since then there have been a couple of other transactions that have taken about 30% of uranium supply off the market. The market is just starting to react. For the first time we are starting to see an uptick in the uranium price that I think is going to be sustainable.

Tracy Weslosky: Why? We have waited 4 or 5 years. I have been a closeted uranium bull. Actually, I have not been that big of a closeted uranium bull. Why now? We know there is a shortage for uranium. Why recently? It is a geopolitical issue or what is making this happen?

Richard Spencer: I think part of it is a geopolitical thing. I think the U.S. is recognizing that it imports 93% of its uranium. We are starting to hear the U.S. talk about the strategic side of its power grid needing reliable baseload power without increasing the carbon footprint. It is reliability of the power that is driving that move in the U.S. and Trump’s administration is saying, hey we need reliable power in this country and we cannot have these nuclear power stations shutting down. Bellefonte, they just got approval to go ahead with the construction of their power plant or continue with the power plant in the U.S., which it is just huge news...to access the complete interview, click here

Disclaimer: U3O8 Corp. is an advertorial member of InvestorIntel Corp.
 

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Brandon Munro | Investor Interest Returns to the Uranium Market
MiningStockEducation.com


Published on Jun 28, 2018
This interview is all about uranium investing. Brandon Munro gives an overview of the current state of the uranium market and the increased investor interest he is seeing. He also addresses many of the objections held by those with bearish or skeptical sentiment towards uranium.

Brandon Munro is the Chief Executive Officer of Bannerman Resources an ASX-listed Uranium development company. Brandon is also a quantitative economist and lawyer with 20 years experience as a corporate lawyer and resources executive, including serving as Bannerman’s General Manager between 2009-2011. Before joining Bannerman as CEO/Managing Director, Brandon was Managing Director of an ASX-listed company, which was focused on base metals exploration in Africa. Brandon also has extensive experience regarding the corporate social responsibility of mining companies and frequently speaks publically concerning that topic.

0:05 Introductions of topic and guest
2:30 Overview of Bannerman Resources
4:58 Overview of current uranium market
16:11 Main driver of uranium bull market: supply destruction or demand creation?
17:29 What caused uranium’s parabolic rise from 2005-2007?
20:59 Could thorium replace uranium as a primary base load source of power?
23:46 Are there any other electricity-generating methods could dramatically reduce or eliminate Uranium demand in the next 10-15 years?
26:16 Answering an analyst’s argument against investing in uranium miners now
29:20 Is not there 5yrs of uranium above-ground supply to keep the spot price suppressed?
33:02 Isn’t uranium socially unacceptable?
34:40 Projected growth of the uranium market

Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39

The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.
 

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Uranium Update: Rick Rule
Sprott Media


Published on Jul 6, 2018
PMR Recorded July 3, 2018
 

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Oil and Uranium market Update 7-08-2018
boubin2


Published on Jul 8, 2018
The mainstream media is beginning to notice the chronic underinvestment in the oil industry. Will this result in oil trading up to $150 barrel? I also discuss the successful Yellow Cake IPO this week and answer viewer questions.
 

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Bump...………….

The Uranium Price is Not Real – CEO
Kitco NEWS


Published on Jul 19, 2018
The uranium spot price is thinly traded and probably manipulated and does not reflect the true intrinsic value of uranium, said Mike Young CEO of Vimy Resources (ASX: VMY).
“[Uranium prices] are not the real reflection of the sales going on around the world. Most uranium is sold between the producer and the utility in a private contract, and that’s never reported,” Young told Kitco News on the sidelines of the Noosa Mining & Exploration Investment Conference.
Young said that the real, or fair value of uranium should be determined by actual private contract prices, which should be much higher.
“No contracts have been written right now. So there’s this sort of no-man zone or hiatus of contracting, and what that means is that at some point when utilities start to come back in to write contracts, I think those are going to be in the $50s and $60s [a pound],” he said.
 

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This Metal Is Outpacing Cobalt And Lithium
Kitco NEWS


Published on Jul 23, 2018
Vanadium is outpacing other base metals in relevance in the development of clean energy, said Ian Prentince, managing director of Technology Metals Australia Ltd.

Prentince told Kitco News that China’s environmental restrictions have limited supply while their consumption of vanadium has steadily increased.
 

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You can make money trading some of these stocks short term but the thing about Uranium bear markets historically is that they last a very long time. Iron hand on the tiller. Not. :bomb:
 

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Why the uranium price must go up


-- Published: Friday, 17 August 2018

As a general rule, the most successful man in life is the man who has the best information

The Trump Administration is at it again. On July 18 the financial press got ahold of a story that said the next target of the Trump tariffs is likely to be the uranium/ nuclear energy sector. In what looks like a repeat of what happened with steel and aluminum, the White House said it would investigate whether uranium imports threaten national security, given how dependent the United States is on the nuclear fuel. If the sector is threatened - and why wouldn’t it be, where 90% of the uranium needed for American nuclear reactors comes from abroad - import tariffs would likely be imposed.

If that happens, it would hurt nuclear power plants, who are already struggling with low electricity prices and flat demand, Bloomberg noted in reporting the story.

But this isn’t really about national security, or in legal terms, section 232 of the 1962 Trade Expansion Act which allows the US government to impose tariffs without a vote by Congress if imports are deemed a national security threat. Section 232 was used to slap 25% tariffs on steel imports and 10% on imports of aluminum in March.

It’s about two US uranium producers who are fed up competing with state-owned companies in Russia and Kazakhstan (ie. Rosatom and Kazatomprom). Energy Fuels and Ur-Energy petitioned the government in January for the probe. Notably absent from the complaint was Uranium Energy Corp, which mines uranium in the United States and Paraguay and processes it in Texas.

Since they supply less than 5% of the uranium needed for US nuclear power plants, Energy Fuels and Ur-Energy feel threatened, and want protection. Are they likely to find a sympathetic ear in the US government? You bet. Despite the prices of practically everything made from imported steel and aluminum going up, including of course, cars (GM is already losing money), this government doesn’t seem to get the fact that slapping tariffs on strategic metals that are in short local supply will hurt domestic industries that must buy those raw materials from abroad.

If the complaint is successful, two things could happen: a “buy American” quota that limits uranium imports and reserves 25% of the market for domestic production; or a requirement that utilities purchasing nuclear power buy US uranium. We’ll address the likely impact of section 232 on the uranium market in another section, but the truth is, 232 is a red herring.



It’s a distraction from what is really going on with uranium, which is the setting up of an extremely bullish scenario for uranium investors due to supply shortages in the face of high demand for the nuclear fuel as a result of the ever-growing need for clean power globally. The supply-demand imbalance will mean higher prices. This article will explain how this will come about, and why now is an excellent time to be investing in junior uranium companies which offer the greatest leverage to a rising commodity price.

Demand picture

Demand for uranium of course is directly tied to the need for nuclear power, which is growing exponentially especially in Asia due to the problems with air pollution from coal-fired power plants. The global demand for electricity is expected to increase by 76% by 2030, and while everyone knows about the electric vehicle “revolution”, what is not often talked about is how will all that extra power be generated. Much of it will have to come from nuclear.



There are currently 452 operating nuclear reactors and 56 new ones under construction globally. According to the World Nuclear Association, China with its appalling air pollution is the leader with 17 new reactors under construction and 184 planned or proposed. Up until recently Japan was out of the nuclear mix, with all but a handful of nuclear reactors shut down for safety checks following damage to the Fukushima Daiichi plant during the 2011 earthquake/ tsunami. But Japan which has no oil and gas of its own and depends heavily on nuclear, now has 9 reactors back in operation - a tripling from 2017 - and aims for nuclear to represent just under a quarter of its power mix by 2050. Japan’s Abe Administration is pro-nuclear. Russia is building 9 new reactors and India is constructing 7.


A 2015 chart from Thomas Drolet, head of Drolet & Associates Energy Services was extremely accurate

According to nuclear consultant UxC, this means the global capacity for nuclear power is expected to grow by 27% between 2015 and 2030. And that means a whole lot more uranium. How much? UxC estimates annual uranium demand will spike by nearly 60%, from the current 190 million pounds of U3O8 to 300 million pounds by 2030.


September 2017, Uranium Participation Corporation

But there’s a problem. Uranium supply has been steadily dropping since 2016. That year total mined supply was around 163 million pounds, in 2017 it was 154 million, and this year it’s estimated to be under 135 million. With current U3O8 demand at 192 million pounds, that leaves a shortfall of at least 57 million pounds. More on why that is in the next section, but first, it’s important to understand uncovered uranium demand.

Uncovered demand

Nuclear utilities buy uranium on long-term contracts, in order to lock in the price. These contracts usually last four to 10 years. The long-term demand for uranium is calculated by figuring out utilities’ requirements for U3O8 that is not covered by contracts. This is known as uncovered demand. According to UxC, uncovered uranium demand is projected to increase by up to 54 million pounds by 2020, or just under a third of total demand that year. Then it just keeps rising: 150 million pounds in 2025, 179 million pounds by 2030. That 179 million pounds of uncovered demand is actually 16 million pounds more U3O8 than total mined production predicted for that year.


UxC Uranium Market Outlook Q3 2017

Why is this important? Because it means utilities will have to start negotiating long-term contracts soon, in order to prevent themselves being in a situation where their requirements are uncovered. If not, they will have to buy uranium on the spot market to have enough nuclear fuel. The trend since 2010 has been for utilities to buy a greater percentage of material on the spot market, with lower volumes contracted. This means contracting will have to increase in the very near future. By 2025 almost two-thirds of existing contracts will expire.

Supply picture

At current prices, about three-quarters of uranium mines are uneconomic. This is why several large uranium mines have shut down recently. In 2017, operations at Cameco’s McArthur River/ Key River were suspended. Rabbit Lake was shut down in 2016. State-owned producer Kazatomprom announced it will cut 20% of its production over the next three years, all in the hope that decreased supply will lift uranium prices beyond the $20-something range per pound, which is below the cost of production. The effect was to give a short-term boost to the uranium spot price. Recently the Kazakh Energy Minister suggested that there would be another 6% production cut, to 56.2 million pounds.

Since 2016, between 30 and 33 million pounds of mined uranium has been curtailed, representing about 23% of global production.


As mentioned, uranium mines will only produce around 135 million pounds in 2018, compared to demand of about 190 million pounds. That leaves a shortfall of roughly 55 million pounds. This shortfall could be met with secondary supply ie. uranium that is stockpiled by governments and utilities for strategic reasons. However, much of this supply is locked up and not available for the market. It’s not “mobile”, meaning it cannot be counted on to add to primary mined supply.

Back to the long-term contracts. Over the next seven years the majority of them are going to expire. The utilities could buy uranium on the spot market, and with the price in the low-$20s, this would make sense. But heavy buying would drive the spot price higher, so they don’t really want to do this. They prefer to negotiate long-term contracts at a slightly higher price, say $30 a pound. But this price is still low for uranium miners to make profits. The lowest-cost producing mine breaks even at $20 a pound. They need higher prices. How do they get higher prices? By cutting production. So uranium miners are likely to keep slashing production to drive up contract prices.




There’s one more factor affecting uranium supply: depleted uranium mines. Big mines like Ranger in Australia, and Rossing in Africa are running out of ore. As the grades become too low to be economic, these multi-million (annual) pound producers will scale back production, or even close down, further inflating prices. The Ranger mine operated by Rio Tinto will stop operating in 2021 and is slated for closure in 2026. Paladin Energy has cancelled a planned expansion and has shuttered its aging Langer Heinrich open-pit mine in Namibia.

Depleting spot supply = higher prices

On top of constrained mine production, coupled with higher demand for nuclear energy as new reactors get built, there is expected to be more buying on the spot market which is about to put upward pressure on the spot price. Let’s take Cameco as an example. The Canadian producer has closed down mines, but it still committed to supplying uranium to its long-term contracts with utilities. With prices so low, it’s actually cheaper for Cameco to buy uranium on the spot market than to mine it. Cameco will have to buy 8 to 10 million pounds of spot uranium over the next six months or so. This represents around a quarter of the spot market. And with Cameco just announcing that it has suspended production at McArthur River/ Key Lake indefinitely, Cameco is likely going to buy even more.



Second, enter a new uranium holding company aptly named “Yellow Cake”. Over the last few months this London-based fund raised US$200 million in an IPO and bought 8.1 million pounds of uranium from Kazatomprom - uranium that would otherwise have been sold into the spot market. The material is being held at Cameco’s storage facility in Ontario.

So between Cameco and the Yellow Cake fund, these two entities are either buying (in the case of Cameco) or withholding from (Yellow Cake) the spot market, an amount equivalent to about 50% of the total spot market for uranium. Another 6.5 million pounds has been stripped out of the spot market by producers or funds last year and this year (see graphic below), for a total of 24.6 million pounds.



This is bound to spark an upward price reaction in the spot market - something that Cameco and Kazatomprom, which represent around 60% of the uranium market, would love to see.

Cameco is a publicly traded company whose shares rise and fall with the spot uranium price. And they’ve just laid off hundreds of workers. State-run Kazatomprom is planning on doing an IPO on 25% of the company. They don’t want to IPO with the uranium price in the low-$20s. Instead, they’re hoping to push it into the $30s or beyond, which would command a much higher IPO price.

Why uranium tariffs won’t work

Back to Trump’s uranium tariffs. Can US nuclear utilities really be forced to buy American uranium when the country is 90% dependent on foreign imports? And could they even produce enough? The answer of course is no. The US uses 50 million pounds of U3O8 annually but only produced 2.5 million pounds last year. US nuclear utilities get the rest of what they need from Canada, Australia, Russia, Kazakhstan and Kyrgyzstan. This makes the United States the most vulnerable country to the risk of uncovered uranium. While the US consumes the most uranium, with its 99 reactors, it only produces enough fuel for one reactor.



According to David Talbot, the most knowledgeable uranium analyst, it’s just not feasible for US uranium producers to be able to ramp up to the level required (12 million tonnes per annum) without significantly higher uranium prices to make increased output profitable:

Even if a political threat is determined by DOC, we don’t expect the US gov’t to force utilities to buy up to 1⁄4 of its requirements domestically as recommended by the producers. While the US might have sufficient licensed production capacity and ample resources to cover, based on the current state of the industry we don't believe US producers are capable to increase production from an expected near 1-2 MM lbs in 2018 to beyond 12 MM lbs pa, in the absence of higher uranium prices. About 4-5 MM lbs pa of stable US production seems more likely, although again higher prices are likely required to provide production incentive.

And while Russia would gladly disrupt its shipments to the US in the event of a US-Russia trade war, including uranium, Talbot writes that even with other importers stepping in to replace Russian imports, “it could result in rapid price appreciation.” While this would be good for uranium producers and investors, it would be bad for nuclear utilities, and ultimately, power consumers. It’s another unintended consequence (like the auto industry for steel tariffs) of the Trump tariffs on a domestic industry dependent on imports. Another key point: If US nuclear utilities think that section 232 is going to be imposed on the uranium/ nuclear sector, these companies will start buying on the spot market, where U3O8 can be purchased for cheap, because they know the price will go up if uranium tariffs come into play. In other words, the threat of uranium tariffs will put more upward pressure on the spot price.

Conclusion

The uranium price is going to rise and when it does, uranium explorers, producers and investors are going to get taken for a very exciting ride. The uranium market is looking at a perfect storm of factors that are very good for U investors right now. Despite its perceived risks, nuclear is a green form of power generation that is emissions-free. The return to nuclear power for uranium-dependent Japan is already happening. The global demand for U3O8 is very likely to increase not only due to that 76% figure mentioned at the top, but because of the need for more power to run electric vehicles. When EVs are plugged in, where does the power come from to recharge them?



A bear market in uranium since 2012 has dropped the price to a point where uranium is no longer profitable to mine for most producers. Hence the shutdowns of major uranium mines like McArthur River, Langer Heinrich, and curtailment of production from Kazatomprom. On top of that, big funds are emerging to buy uranium from the spot market. Top producers like Cameco are also buying from spot in order to keep fulfilling its long-term contracts despite cutting production. In the next seven years three-quarters of uranium contracts will expire. Re-contracting will have to take place before then, or before all the uranium in the spot market disappears. Utilities need to re-sign long-term contracts to ensure their uncovered demands are met, and as shown above, uncovered demand is increasing.

The shift in the spot market is key; with so much buying going to come into the spot market, it’s only a matter of time before the price responds in kind.

I’ve got restricted uranium supply due to shutdowns and depleted mines, steady demand due to global electrification needs and EVs, heavy buying on the spot market and a select junior uranium explorer (juniors historically offer the most leverage to a rising commodity price) on my radar screen.

Richard (Rick) Mills
aheadoftheherd.com

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Legal Notice / Disclaimer

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

http://news.goldseek.com/GoldSeek/1534530345.php
 

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Nothing special, just a little bump. Take it fwiw (dyodd).

Weekly market Update 10-6-18
boubin2


Published on Oct 6, 2018
I discuss the the recent UEC financing and explain why these uranium stocks are burning matches. You must understand what you own and how this market operates if you intend on making money.
 

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GoviEx Uranium Inc.’s CEO Discusses What He Sees as a Hopeful Outlook in The Uranium Market with Uptick Newswire’s Stock Day Podcast
https://markets.businessinsider.com...ptick-newswire-s-stock-day-podcast-1027593939

Supreme Court maintains ban on new uranium mines around Grand Canyon
https://azbigmedia.com/supreme-court-maintains-ban-on-new-uranium-mines-around-grand-canyon/

State gives more time for comment on depleted uranium disposal
https://www.deseretnews.com/article...for-comment-on-depleted-uranium-disposal.html
 

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Blue Sky Uranium Reports over 1% U3O8 and 0.1% V205 in Pit Sampling Adjacent to Ivana Uranium-Vanadium Deposit
By: Blue Sky Uranium Corp.
Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL2; OTC: BKUCF, "Blue Sky" or the "Company") is pleased to report high grades of uranium and vanadium in initial pit samples located a kilometre west of the Ivana Uranium-Vanadium deposit on its wholly-owned Amarillo Grande Project in Rio Negro , Argentina. Pit sampling and auger drilling is ongoing in the area west of the Ivana deposit.
 

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Uranium’s Perfect Storm Is Brewing
Kitco NEWS


Published on Nov 27, 2018
The stars are aligned for uranium prices, said Blake Steele, president and CEO of Azarga Uranium.

“I think you’ve got a bit of a perfect storm brewing here. You’ve got the demand pressures coming out of China. You’ve got Japanese restarts. You’ve got nine reactors restarting in Japan,” Steele told Kitco News on the sidelines of the Swiss Mining Institute Conference in Geneva.

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FWIW (dyodd)

Uranium Will Be Best Performing Metal In 2019 – Expert
Kitco NEWS


Published on Dec 20, 2018
Uranium is likely to outperform other metals in 2019, said Lobo Tiggre of Independent Speculator, formerly known as Louis James at Casey Research.

“What I love most about uranium is that it doesn’t matter what the global economy does,” Tiggre told Kitco News.

On gold and precious metals, Tiggre said that the trade wars will provide “major weight on commodities” next year.
 

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COFFEE WITH CARROT HEAD!

The Simple Secret To Trading Or Investing & the value of life over death!

We all have moments of …..bright sparks, call them tube lights lighting up! A connection of synapses…you get the idea.
Usually these happen in moments of quiet or even during sleep. How often have you woken up and been completely confounded by a lingering thought or an idea to make money, be it in the markets or just a an idea of investment? The subconscious is an amazing structure of grey area that I simply do not understand, but as a trader I stopped questioning it a long time ago and simply accepted it. A collection of information that given time connects up, sometimes taking months perhaps sometimes years. WE are so taken by this idea that we believe we are onto something. Some of us simply take this idea and go with it. It’s a fifty fifty shot and we take the risk, others linger even maul over the idea and perhaps even do some further research, however the one thing we are not in control of is TIME!

Time is one concept we have no control over. Is time even definable? Yet time marches to its own rhythm and the outcome is entirely dependent on the time. Time is short! We don’t have time! It took too much time …the list goes on and on and on both sides of the coin. Time in reality is no ones servant, we are simply there in the right place at the right time or we are not.

Archery is my favourite sport and what seems like a life time ago I hit what many may call an archers block. It’s a mental thing when a good or great archer simply begins to miss the target and the harder one tries, the worse one gets. I hit that block during a minor competition in Kenya. Despite having come out in the top three positions in all previous competitions, I found myself missing shot after shot at a 3D competition. It was devastating and eventually I gave up in that competition having lost my position and in my eyes my respect of fellow archers, I felt humiliated and despite no one was, I felt I was the laughing stock of the entire fraternity. My ego was bruised my vanity shattered.
I could not figure out what I was doing wrong and that made me try harder at practice, but the harder I tried the worse I got but eventually through a book I read I figured out that I had to relearn my skills and trust my subconscious to make the right shot and also accept that every shot was never going to be perfect. That the best I could do was move onto the next shot never regretting the previous one. I strongly advice you to purchase this book.. called Idiot proof archery.

The following is a short story from this book of a salesman who comes to a farm because his car broke down as he walked across the field towards the farm buildings he saw a young boy with a bow hitting the yellow circle in the middle of a target (the yellow circle for those that are not aware is the centre of the target in archery giving a score of a 9 or 10), he asked the farmer nearby for a jack so that he could replace his flat tyre and while the farmer went back to his car he continued to watch the boy take shot after shot hitting the yellow. He was amazed by his accuracy and asked the farmer a little about the boy and his amazing ability and “What was his secret?”, the farmer tipped his hat back squinted in the direction of the barn and asked the following questions to the salesman…
“Do you see that Barn over there?”
“Yes!” replied the salesman…the farmer continued…
“Now do you see those two huge barn doors?”
“Yes!” Replied the salesman..
“Do you see that smaller door on the right hand side of the barn?” continued the farmer…
“Indeed I do Sir” replied the salesman..
“And do you see the handle on that door?”
The salesman squinted a little and then replied “Yessir I do!”
The farmer looked at the door and continued..”Do you see that key hole just under that handle?”
The Salesman squinted for 10 seconds and nodded.
“Well!”; replied the farmer……
“If you aim for that key hole under the handle, in the little door in the big door to the right in the barn, you are sure as hell going to hit the barn….”
The point I am trying to make is we try to put all that we can on our side of probability and sooner or later we will hit the target.
However we also have to put common sense on our side and use all the possible instruments we can within reason to enable us to get to that position and the other major point I would make from the same book is that; “practice is the perfect magic that enable us to achieve that.”
Too often we impale ourselves with a plethora of information most of which is not provable but simply makes logical sense. In Europe and in most of the world we are often taken with the ideas of Gurus. One of the most prominent ones currently making rounds on U tube is a chap called Sadh Guru. Don’t get me wrong the man has amazing talent and logically much of what he states makes sense, but pause for a moment and think…if gurus are the short cut to a better life how come the millions who watch the videos never seem to be able to improve their lives? The only individual who appears to be benefiting from all of it is the guru himself. Sounds familiar?
It should because in the investing business and the trading business there are thousands if not hundreds of thousands of such individuals that we may consider as Gurus, and remarkably are akin to the snake oil salesman of the wild west. People are looking for a miracle and if you believe in it hard enough it really is not difficult to convince one that it is.

This herd mentality abounds our society. We read it long enough and hard enough and we manage to convince ourselves.
Let us pause for a moment and convince ourselves that we are looking at a blank page. Consider looking at a painting on this blank page from a distance. The painting can be seen in all its glory, but the nearer we go to this painting we begin to see cracks, scratches, stroke marks colours shades and soon enough we lose focus. This is exactly what occurs when we look at charts. We begin with a weekly and end up on the one minute chart.

With stocks we may possibly stop at the 1H chart but in currencies we go right down to the ticker chart.
First look at the barn, - Direction the weekly chart is going. Overbought or oversold
Then look at the big doors,- Direction the Daily is going. Overbought or oversold
Then Look at the Small door,- Direction the 4H chart is going. Overbought or oversold.
You can take this down to where ever you feel comfortable right down to the little keyhole. It depends on ones nature .
In short we require to train ourselves methodically to look at charts and understand what we are seeing. The bigger picture or the smaller one? Why are we looking at a particular picture more often in a specific time frame? It tells us a lot about ourselves. Whether we are scalpers traders or investors. I know that scalpers will get out in a few pips and do well, I also know traders that will go in and out of trades from half an hour to a few days and still make money and I know investors who remain in an investment from a few months to a few years sometimes even decades and they too make money. The difference is two fold ; a) The amount of money invested and; b) Whether it is leveraged. Very often traders loose their shorts because they over leverage.

The “appetite for risk”; is perhaps the most misunderstood concept while being a trader. Reduce your leverage and you reduce the risk of getting a heart attack. Think about the risk to reward ratio as well and treat the trade not as simply a one in a million but rather one OF a million.
If we treat trading as a business we must not only learn to manage trades but also manage the business. In business we are bound to have losses and how we manage those losses is vital. Prepare to be wrong and learn to accept that you will be wrong. If you factor this in you would not take high risks. If this were simply one of 100 trades you were going to take this year than break it down in percentage terms to risking no more than 2% of your investment capital just as a shopkeeper will not put all his money into sugar because the price dropped 90% …yes he may take a little more risk and purchase a little more than usual but not without factoring in the demand of his clientele.
Lets take a more abstract example. Take a coin and toss it using the following conditions;
  • Toss it 10 times
  • If it comes up heads you made a profit of 2
  • If it comes up tails you take a loss of 1
The result should be interesting. Continue to keep tabs of your profit and loss right through the 10 tosses. Now try it over 20 tosses and then 50 tosses.
Write down the results. What you have done is each toss is a trade. The trade can either give you a loss of 1 or a profit of 2. In such a scenario each toss is a trade of either losing 50 percent or gaining 100%. Over the longer run if you stick to the rules above the tosses should ideally come up in profit.
The next question is how does one set rules?
Rules are individual to the person who sets them depending on their mentality/ status/amount invested/Risk appetite……
When looking at a chart do not simply look at the chart…..Imagine it to being a road with roundabouts and at each roundabout there is a traffic jam. Look for those traffic jams and mark the tops ( Not the top of the pin but the opening/closing prices meaning the body) and bottoms of the body of the bars in terms of candle sticks. When you have a bunch of these where movement of direction pauses are your traffic jams. One of two things happen at these jams either you cross over to the next roundabout or you make a U turn and reverse. Nothing new there….. but if you do your research each stock will show where these jams occur and if noted carefully only some show reversals and some show continuation. Depending on ones nature of trading mark these out that you favour. Reversal of trends are the most dangerous point to make an investment. GREED makes us take steps that we may otherwise consider irrational. It is therefore mandatory to apply rules and follow those rules diligently.
The R:R (Risk to reward) can be considered in terms of PIPs or cents or dollars, depending on what one is looking at.
They say that there are a million ways to trade! I believe that.
The secret is ….YOU!

You require to believe in your system. Look for a consistent method. Whether its simply price action using a reversal system from using price action using pin bars, Inside bars, engulfing bars from support and resistance lines to using more complex systems such as Indicators and moving averages, each of these methods have a certain number of inconsistencies.

There is no sure way of getting consistent results until or unless you decide to apply money management.
Fibonacci retracement, or Elliot waves…the list is endless . I cannot emphasise enough times that you must manage your trades using a risk to reward ratio of 1:2 either or another method. I have found that 1:2 is more consistent and more regular. You may find a method that provides a better return. Try to keep the rules clear, try to keep them simple but consistent. Try out various methods or combinations to make decisions. Above all utilise common sense! Look at the bigger picture, look at the trend, and rather than being a contrarian I prefer to go with the trend. I simply do not have the intelligence to call on a price reversal against the trend. I have in my experience found that trends can go on a lot longer than we expect. This is mainly due to the herd theory. The larger the herd the longer the trend. One only has to look at the dow and S&P 500 trends and see how that affects the price.

Finally I advocate that you do look at the news before you trade. Major news may affect fundamental moves reversals or accelerations but with a lot of whip saw movements. In my experience fundamental news changes everything. A simple twit from a certain gentleman currently POTUS makes huge moves in the markets. The world we live in of the I.T. age makes these changes quickly often even before one hears about it one can see the effect on the price of a product.

Finally if you have an idea …Wait! Do not rush in ….put the smallest order possible and see if you are right OR let the herd come on your side before you decide to go in. Fundamentals and ideas worked in the 80’s 70’s and well before, but the time for those changes to take place was longer. Now in the age of leverage you loose everything. I would rather just wait for everyone to come on board before I make those moves. Finally despite being RIGHT you can be WRONG. Even if you see a Horse but a hundred people passing by call it a Cow…..Start calling it a cow. These are the markets and WRONG can be RIGHT and RIGHT can be WRONG! It does not matter if you believe you are right or wrong. What matters is does the markets think you are right or wrong.

Think of it like this…Two teams playing in the NFL…and you are given a choice to play with whichever team you want to half way through the game…Which team will you choose to play with? The team that has had historically consistent past wins or the team that is way ahead in this game?

Now if you were given the same chance but allowed to play on any team for the coming twenty games half way or even 10 minutes left of the game …which ones will you choose?

You don’t have to like a team to be on the winning side do you?
That’s the same with trading. If the trend is down, go with it; If its up …go with it.
Don’t take my word for it. I ask you to do your due diligence. Think the rules thru and try out your system on a simulated account if it works out consistently i.e. more than 50% of the times you have an edge.

Moving rapidly onto Gold! Looking at the weekly chart I notice that Gold is range bound somewhere in a range of about 100 dollar range for the last year with a couple of occasions where its broken below or slightly above. The range is 1350 to 1250. If Gold were to break below 1250 and shows some price action of reversal I would be a buyer and above 1350 if I see a reversal back I would sell it. After all profit is what we are after.
Uranium is not moving at all so nothing to report there. The only stock to keep an eye on is Cameco for the time being. Any major moves will occur in it first. The noise will occur first from Penny stocks but the big moves will be reverberated in the move from Cameco.
I have been keeping this article pending for some time as instinctively it seemed incomplete. This weekend I was talking to a relative who lives in Canada and we were conversing on the fact that his father has completely stopped speaking to me. The reason was interesting and I thought it prudent to write about this..

In 2016 my father passed away and due to my circumstances I was unable to go to his cremation. The situation required me to travel halfway across the world. Perhaps some will find this disturbing that an only son could not but it was unfortunate and out of my control. One of my sons is quite young and at the same time I was going through a very difficult divorce that was into its second year. The complexities shall not be discussed here. The Uncle in question is an interesting man. A black sheep of the family, he has always been partial to his own agenda and has a track record of never going to see his father mother or brother when they were alive but would make himself the centre of every funeral in the family, ensuring to take part in every ritual during the funerals.

This discussion left me profoundly disturbed, by the fact that people including my uncle find it more important to see people that they vocally state are very important to them only at such events but make very little or no effort to see these same individuals when they are alive. Far be for me to state that, as a society we appear to value death far more than life, we value the dead more than the living, and that we value live interactions less than grieving for the passing away of loved ones. I am perhaps more relieved that this individual has decided to not communicate perhaps it is for the best.

I grieve the passing away of my father on a daily basis, not because he passed away but that I miss those daily conversations that I did have with him. His knowledge, ideology, his ethos and above all his love. I shall not use the past tense here simply because his ideology speaks through the knowledge and experience he passed onto his children and grandchildren. He continues to live because of this and in a way continues to be a part of all our lives every day. Grieving is not mourning the passing away but rather coming to an understanding and each one of us does it in his own individual way, some take a few days others take a few years and yet others a life time. The spiritual development of each person is done so by questioning and finding answers from within oneself.
We believe that we belong; To our family, to our wives, our children, our parents, but the truth is far more basic than that. We belong first to ourselves. If we are not balanced from within we cannot help anyone around us, nor can we be a strong link in our relationships or help create balance outside.

A close friend of mine went through a painful experience at roughly the same time my divorce began. He lost his wife to cancer and his wife lost her mother to cancer a month before she herself passed away. My friend was left to look after his two children, all three continue to grieve and it appears that the gap of coming to terms has not filled. It is extremely difficult to give advice in such matters as individuals can be extremely sensitive to opening up on the matter. My friend has put his heart and soul into his children, wrapped them in cotton wool and simply took over all the duties of his wife, therefore he is mother and father. I find myself in a similar situation as my children preferred to live with me rather than their mother. However the difference is that I let my sons make decisions, and take responsibility for their actions, I refused to warp them in cotton wool and believe that steel can only become stronger after passing through fire. The experiences prepare them for life in the future. Death is unavoidable; So why is it that we simply refuse to accept it?
We need to allow our children to make mistakes so that they can learn from them. The best university in the world is not a university in the US or in the UK or in India , rather the best university in the world is; “The University of Life.” It can also be the most expensive university in the world and one is a student of this for life whether we intend to be or not.
Allow your children to make decisions, allow them to make mistakes especially when they have reached their mid teens. Advice without being asked for is the equivalent of a shop keeper running outside his shop after passer-by’s encouraging them to come in and purchase. One who needs advice will be more willing to accept it when he needs it rather than giving it when it has not been asked for. The world around us has an allergy to both advice and adviser.

I have said my peace. Now we move onto the markets and the if one were to ask me where the markets are, I may only contemplate it in hindsight and that would make it historical rather than in the “now”; be that it may I did mention in the past that markets were over bought and there are several kind of traders in the markets and December is perhaps the most dangerous time to trade, when major players have exited the building leaving it to the intermediates and if we are savy we would too, leaving greed at the door step and releasing our bindings to relax and perhaps even contemplate in the coming holidays.

History while important has no binding on the future and the present in reality has no binding to the past. Each event is unique with even the smallest differences becoming discernible as the now passes further and further away from the past. Therefore in trading what becomes important is the NOW! Not the past not the future simply now but the past does provide a guide line to where safety or danger was. An inappropriate example is the Tsunami that occurred. The past showed the water reached a certain level and if such an event were to come again people would remember that the safety line was at a certain height BUT that is no guarantee that the coming Tsunami will again reach the same level and recede. It may never reach the past level, it may reach the same level or it may surpass the previous height and move further making a new level.
In a similar way market heights or levels are no guarantee for a trader that allows them to place a trade simply from past historical levels; the S&P Gold Dow and various other markets have been prefect examples of surpassing the past and moving into the unknown, but the past also shows that if a wave is not the only one we may see several waves one surpassing the other to even higher levels. The previous coffee article states that we remain with the trend until an action or actions confirm that the wave has changed direction. Remember it is human nature that overall is in charge of which direction any wave goes but once more the emphasis is in the present and particularly in the NOW that becomes more vital.
In the present I do not know if Gold is going up or down. I see no trend set up as yet and so we move on. In the markets we see some corrections have occurred and it is quite possible that we shall see the markets beginning to make another attempt to move forward. In Uranium we see no change and as stated by other members Uranium downside remains for longer terms as supply and demand is partnered with emotions of fear. We see oil reaching lows, once more I cannot see any bottom based on the NOW. I can simply state historically that there is a point from where any product becomes unbearably too hot or too cold initiating a reversal either to the up side or the down side and therefore I see Oils temperature in terms of price becoming too cold to be bearable and reversal is more and more likely. I therefore consider that Oil in the coming year will get to the region of where it was comfortable that being between 60 and 75 dollars.

The Dollar has remained in strength against all major currencies this past year but once more we are likely to see a correction occurring in the coming year.

The Great British pound continues to suffer from the Brexit Chaos but once more I believe that GBP against the US dollar has a possibility in the coming years to return back to the comfort zone of 1.70 and above from where it is now. Perhaps as high as 1.90.
The interesting metal that we should all consider is Platinum. The price has dropped lower than palladium, Gold and I once more think it is worth purchasing platinum. For those in Britain the royal mint has issued one ounce Platinum Britannia this year and worth considering it. I could probably write a few thousand words on the merits of platinum but I leave you to do your due diligence.
I advise common sense and consider investing rather than speculating. I ask no one to throw in the barn for a quick profit. It will go up when it goes up. Therefore a long term investment is one possible avenue as storage of wealth.
For the present we must wait and see which way the market wishes to go. We know that Uranium has gone into what may perceive to be a coma and therefore we wait to see IF this potential beast will wake up. It could be tomorrow or it could perhaps be years from now. Whatever the case, we must have the patience to wait and watch for signs of returning from its current slumber to wide awake. A bear in hibernation rolling over is not a sign of wakefulness.

Sometimes simply doing nothing is the best form of trade.
Live in the NOW not the past or the prediction of the future. Every market has had its bubble …we have experienced many in our life time….from the bit coin to the gold coin…..let us wait to see where the coming year takes us.

A Merry Christmas & A Prosperous New Year

Sagi
 

SAGI

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COFFEE WITH CARROT HEAD!

IS IT A HOLE IN THE GROUND?

It is easy to become pessimistic in an environment where there are more pessimists than optimists. You go with the crowd. If you go to a funeral and the majority begin to cry, you begin to also shed a few tears no matter how far apart you were from the individual who passed away.
This crowd hysteria is repeated throughout nature. We see this in migrations of birds, insects and mammals. We saw it in silver in the 80’s and in the beginning of the millennium. Both were busts eventually. Silver dropped from its highs in late 1979/1980 and then again in 2011. Since then we have continued to see a decline in commodities in regards to metals. We have observed issues with crude, silver, gold, uranium ….and the list goes on.

This is the way the crowd works. U tubers become rock stars and within a short time go back to obscurity.
We often hear and read about holding long term. In hindsight this looks wonderful. I am reminded of an event that happened in Indiana in the USA.

My companions and I had landed in Chicago and were making our way to Indiana. When we got there we met up with a close friend and decided that we should go and see the longest cave system in the world. One person stated that caves were a hole in the ground. A localised mass hysteria began and arguments went back and forth…front seat to back seat and back as we deviated to Kentucky to see this wonderful cave system. One Individual held the pragmatic view that …IT WAS A HOLE IN THE GROUND…. Everyone else was excited to see this natural phenomenon.
The arguments went back and forth all the way to Kentucky and finally we arrived and entered the cave system and went in. within 15 minutes we (the majority) were utterly bored and could not wait to get out …of the …HOLE IN THE GROUND! What I personally dreaded was eyeballing the friend and admit to him that it was simply that. When I saw the sun shine again …I hung my head and shook it…The inevitable question was raised ….and I admitted ….IT IS A HOLE IN THE GROUND! We continued our way to Fort Benning in Alabama where were to meet up with a friend who was in charge of the base. However on the way we passed several large signs of various caves with wonderful coloured crystals and the banter went on with one or another individual stating we should visit it in Josh and the shout unanimously would come back ……IT’S A HOLE IN THE GORUND!

The point I am trying to make is every single thing we invest in is a hole in the ground! I sincerely believe that what worked for the likes of Buffet in the fifties/sixties no longer applies. In hindsight we may attempt to repeat it but we are not in the 50s or 60s or even in 2010. No pattern repeats itself exactly and perhaps nowhere near is the past an indication of the foreseeable future. Buffets etal did not base their investments on the past rather they looked and calculated the possibility of increased demand and increase in profits growth etc. Sometimes its logical, at others it is not, and yet we still miss the target or are point in completely in the wrong direction. What we cannot foresee is the future. We can simply see the now. Many will be wrong; Some will be right. If we invested in Train stocks in the 40’s because the price dropped we would be broker than a beggar on his first day.

If we had invested …..is A POINTLESS BEGINNING!

We can simply look not at the past or the future…but in the present…in the NOW. In my experience it is quite pointless to struggle upriver in a boat with little or no power. It’s a lot easier to find shore down river than up river no matter how near the shore is up river.
Yes it will be longer but a hell of a lot easier. Think about it. When common sense prevails we tend to make pragmatic decisions, but when we let emotions prevail we try to prove the world wrong, but the world itself prevails to nature and fighting against it is truly a long shot by far. We could stand naked in Alaska, in winter, in the middle of a winter storm…naked. Yes it can be done! Its been done! However unless you truly have no clothes…for whatever reason…. The logic is you will die sooner rather than later.
Trading/Investing is no different. When the investing/trading world are in confusion and milling around with no trend in sight it makes sound sense to sit on the side-line and wait.

At present; “In my view”, we are in just such a situation. I have made projections for GBPUSD (Great British pound VS US dollar), where I see two possibilities taking the now beaten GBP to highs over a period of 4-6 perhaps even 8 years from 1.23 to 1.80-1.92. That evens out to about 4%-5% per annum not compounded.

The view to open trade being forced on third world countries in the last twenty years has back fired. Open importation from lower labour cost producing countries simply meant more people got basic jobs and importing countries got it cheaper, no one watched for the tail of the crocodile which came whipping back as eventually it is resoundingly smacking us in the back side. We took away jobs and businesses eventually and increased poverty and government dependence. We allowed an unprecedented printing of currencies without the backing of gold to hold it in check. We looked for greater good for our own selfish reasons while we used one pretext or another to destroy other countries in our endeavour to fulfil our own needy pockets, we effectively are killing the cow that gave us milk or in this case the calf that would give us milk in the future. Forcing third world countries to open their borders to open importation effectively killed off potential buyers in the future.
Twenty years ago now, when I visited the US I could purchase a US made Leatherman tool for about $100-$150. Good old American made. A few years ago I visited a bass pro shop and saw the same item (well looked like it) for about $60. On the reverse were those famous words…. “Made in China”. I am not sure how many jobs were lost at Leatherman USA, but I am certain the people who worked there know! I still have some fantastic machinery imported form the USA and to date still continues to work like it was purchased yesterday. My China made Gerber went loose like a 60 year whore in the space of 6 months. The cost of sending it back in for repairs was more expensive than purchasing a new one. That is ridiculous!
Recently I was reminded of an incident where we decided to purchase some Taiwan made machinery in the mid 80’s. They worked smoothly and for about a year we had no issues. One year later I began to notice that ball bearings were breaking. All in one part of the machinery. We had an engineer coming from India and asked him to purchase the ball bearings from there. He brought in about 50 bearings at about 1 dollar to the bearing and we replaced them and ran the machines within a week we had the same bearings breaking. Every time we replaced them within a week we had them breaking.

In frustration after running out of bearings I decided to visit the local SKF dealer. The SKF ones cost about 20 dollars a piece. Fuming I purchased the required lot and replaced them. I have not replaced those bearings now for over thirty years. Recently my son was purchasing some unknown brand of ball bearings for his skateboard on ebay. I saw the price and stopped him. I asked him to go to an SKF dealer …one that is actually verified and forced him to pay the extra cost nearly 9 times the price of the ones on Ebay. He complained just like his father did but for a hard core skate boarder he has yet to replace them two years down the road. They are serviced regularly and dipped in melted grease once cleaned and they continue to work.

We have continued to see a shift in geographical manufacturing centres from the west to the east. Africa’s fledgling manufacturing companies collapsed in the onslaught of open importation. We have seen third world countries move to poverty due to greed from all leaders. We have taken the ability for purchase capacity not only from the third world countries but also from those in the west. There is a fundamental difference between WEALTH CREATION AND WEALTH TRANSFER. What we have going on right now is the latter.
For a continent such as Africa their natural wealth is perhaps the greatest. From the largest equatorial rain forest to gold, Cobolt, silver Diamonds, rubies Uranium …the list goes on. The Chinese not only learnt the western ways but they applied it in a far more efficient way to recolonise Africa. People in Africa cannot afford Harleys, or Dodges or Fords….but they can afford a subsidised Chinese built motorcycle or bicycle or machinery…..and we can no longer compete with them. We grew a monster on our door step, fed it, cared for it, and now we are the ones locked in our own houses afraid to come out. In return China takes Africa’s natural resources. They pay in fiat currencies that fluctuate enough to become pointless if held for too long. Kenya’s shilling has dropped from 20 shillings to the GBP to 150 shillings in the space of thirty years. From 7 shillings to the US dollar to 100 shillings to the US dollar. At the same time the average person’s salary despite going up has less purchasing power. It should sound familiar to people in the US and Europe …LESS FOR MORE…..

Britain created India and the USA fed China. I completely understand Mr. Trumps frustration. I however do not adhere to his solutions. Its akin to one having a wound on their knee and the solution is cut the leg off….

If we are to bring some semblance of sanity to the world trade we must reset the rules. Do not for a moment think that African politicians are not to blame for all of this as their private businesses make billions out of these situations and other countries take massive advantages. It’s the age old blah blah of the poor victims but these are the same victims who elect these leaders, Just as our citizens be it in the US or the UK elect leaders and then lament when everything goes to shit.

The fact is they are all holes in the ground one must be able to differentiate between all the emotional bull and the facts. The fact is NOW matters the past is history and of no consequence and the future is unknown. The logical thing ot do is look at the now and make a best scenario decision.
We may have all the theories on Gold Silver Uranium Alternative energy and oil. But we all appear to be in Limbo at present. It is better to remain on the side lines until a trend sets itself.

Until then its just another Hole In the Ground!

SAGI
 

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The Uranium Market Can Be Defined In One Word – Amir Adnani
Kitco NEWS


Published on Mar 12, 2019
President Trump will be the defining factor for uranium, said Amir Adnani, CEO of UEC.

“It really is true, sitting here where we are and leading up to a decision that Trump will make in the next potentially 90 days under the Section 232 investigation that the Department of Commerce in the U.S. has,” Adnani told Kitco News on the sidelines of the PDAC 2019.

Adnani noted that this investigation on uranium, which has been ongoing since last summer, bears similarities to the one the executive branch of the U.S. conducted on steel and aluminum, on which they concluded that importing steel was a national security threat and applied tariffs.
 
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Nothing special, just a bump with a little bit of this, a little bit of that.

Uranium Price Doldrums, Fundementals Have Not Changed
John Polomny


Published on Mar 23, 2019
Plenty of chatter on twitter this week due to the price drop in spot uranium. The question specualtors must ask is, have the fundementals changed? If not why are you not taking advantage of the lower prices to build your portfolio. It is a mistake to let your boredom force you into "doing something". Things will happen when they happen.
 

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Uranium Investing From The Perspective Of A Great Value Investor
John Polomny


Published on Apr 20, 2019
Walter Schloss was a great value investor who had a great track record. Compounded annual returns of over 16% for 32 years. He came up with a set of rules he used to help him invest. Several of his rules are applicable to our uranium investmenet thesis.

The Chinese are going all in on nuclear power. What are the implications for uranium supply and price. In my view this is the biggest story with regards to the future of uranium pricing.

The Walter Schloss Archive:

https://www.walterschloss.com/

China goes all in on homegrown nuclear:

https://www.reuters.com/article/us-ch...
 

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Review of Uranium Market From Cameco 1st Quarter Results Call
John Polomny


Published on May 4, 2019
Cameco had their 1st quarter 2019 results call and talked about their business and the general condition of the uranium market. Their view is that things continue to improve. I also talk about patience and how it will seperate tyhe winners from the losers.
 

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Three Mile Island Nuclear Plant To Close, Latest Symbol Of Struggling Industry


May 8, 20193:34 PM ET



40 years after the nation's worst commercial nuclear accident, the remaining reactor still operating at Three Mile Island in South-central Pennsylvania is closing.

Exelon announced Wednesday that Three Mile Island Generating Station Unit 1 will shut down by September 30th.

The company says the plant has been losing money for years. The nuclear industry generally has struggled to compete with less expensive electricity generated from natural gas and renewable energy.

Exelon first announced it would close two years ago unless lawmakers stepped in to keep it open. It then campaigned to save the plant by seeking a subsidy from Pennsylvania's legislature. The company argued that, in light of climate change and efforts to address it, the plant deserves compensation for the carbon-free electricity it produces.

That argument has worked in other states, including Connecticut, Illinois, New Jersey and New York. But in Pennsylvania, the state's powerful natural gas industry opposed it, along with industrial users and consumer advocates, calling the proposal a "bailout".

When it became clear the subsidy legislation wouldn't pass within the next month Exelon decided to retire the plant, which was licensed to operate for 15 more years.

"Today is a difficult day for our employees, who were hopeful that state policymakers would support valuing carbon-free nuclear energy the same way they value other forms of clean energy in time to save TMI from a premature closure," said Bryan Hanson, Exelon senior vice president and chief nuclear officer.

Exelon says it will offer positions elsewhere in the company to employees who are willing to relocate. But the plant also employed thousands of contract workers during refueling and maintenance outages.

"Our members were looking forward to the work this fall's TMI outage would provide. Instead, we'll just be looking for work," says Martin Williams, a former union official and co-chair of Nuclear Powers Pennsylvania.

Most people know Three Mile Island because of the accident that happened there on March 28, 1979. Early that morning, Unit 2 suffered a partial meltdown after a pump stopped sending water to the steam generators that removed heat from the reactor core. The accident was the start of a backlash against the nuclear industry that halted its growth for decades.

One longtime critic of Three Mile Island says he's not celebrating the plant's closing.

"It's never a good time when people lose their jobs," says Eric Epstein, chairman of Three Mile Island Alert.

Epstein says his group still has a long slog ahead because work will continue at the site for decades.

"Now that the plant is going to shut we're going to move towards making sure it's cleaned up promptly, and then after that make sure that the damaged reactor, TMI [Unit] 2, is cleaned up," says Epstein.

Nuclear power supporters in Pennsylvania say they will continue to pursue subsidies for the industry, hoping that will keep the state's four other plants operating.

Nationwide, nuclear energy currently provides about 20 per cent of the country's electricity.

https://www.npr.org/2019/05/08/7215...to-close-latest-symbol-of-struggling-industry
 

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New Pure Play Uranium Fund Hit The Street
John Polomny


Published on May 18, 2019
A new uranium pure play uranium fund hit the street this week. This will give casual and generalist investors a way to play the uranium bull market without having to devote their life to research of 50 different uranium juniors.

Mike Alkin podcast "Talking Stocks Over Beer"

http://themikealkinshow.curzioresearc...

Crux Investor Mike Alkin Interview:

https://www.cruxinvestor.com/article/...

Sachem Cove Big Short article:

https://shoutout.wix.com/so/a5MgDo1G1...

Horizon Global Uranium ETF

https://www.horizonsetfs.com/etf/hura