Cash To 50%

745 views

Something is just…wrong here. Isn’t it?

A supermarket chain in the UK dropped that much? Wouldn’t oil have helped them? Greece plunged 11%? The EURUSD is dead, plumming along at 1.24.

These are 2009 type moves we’re seeing here. I’ve been looking at each of these events in a bottle, because I was blind to the obscene money I was making. Taken together, they spell a rather dark picture.

I didn’t sell any BAS, just CCJ, VOC and HCLP. If we get a good relief rally, well…let’s just say, I’m skittish now.

Uranium Spot Prices Continue To Soar

231 views

Approximate prices for the uranium spot market lifted another 5% from last week. We’re now well back into the $40’s.

This is what I have been waiting for, for years now. CCJ is still one of my larger holdings, and there is still time left in the year to have it be a big hit. But even if it doesn’t work out before 2014 comes to a close, 2015 will work fine too.

Japan set off the stampede. It ends gloriously.

Uranium Industry Is Healing

282 views

Most of my focus has been on the oil market lately, because when this kind of drop off built on this sparse level of evidence presents itself, you take it fully committed.

But a longstanding dark horse investment of mine has been the uranium industry. So confident in the resumption of this industry am I that every year since the Japan disaster, CCJ has been my pick for the stock of the year contest.

The sector has long been correcting and unloved. This comes from two sources.

The first source is fundamental to how uranium is bought and sold. The market volume is paper thin, and nuclear reactors remain well supplied with upwards of three years worth of fuel at all times. Unlike a coal plant, which takes delivery of fuel almost continuously throughout the year, nuclear power plants are tiny islands of isolation.

The second source is a lack of good news to build excitement in the uranium industry. Shares of uranium stocks have traded like deliveries of uranium – bidless.

Both aspects may be changing though. We are far enough out now from the Japan disaster that reactors are beginning to make adjustments to their supply agreements. As CCJ’s data has well supported, the long term supply agreements have not been prone to the massive drawdown that has plagued the uranium spot price.

Japan’s announcement that they are (finally) beginning the process of restarting reactors (after untold hardships in the face of stubbornness) is the critical breath of life missing from the equation. Nuclear stocks and uranium in particular can begin to get back on the minds of fickle fund managers. Investment can pick up in the sector.

Currently, I am showing uranium spot price in the mid to upper $30-40 range. This is a huge recovery from the high $20’s range that spot uranium was trading in just this spring.

If pricing can keep working upward, steadily, into the $40’s, I’d say we’d be getting close to a big and much needed pick me up.

Added to CCJ for $17.90

140 views

I made purchases of CCJ, taking the position to 20% of assets once more.

The terror of the crowd notwithstanding, the stars are aligning.

It is time for the days of CCJ, my child.

Added Back To CCJ – 5% of Assets

200 views

I brought my overall cash position to 40% from 45%, bringing CCJ back up to 15% of assets.

Uranium prices are still rebounding and Japan restarts are rumored to begin shortly. I am not missing out on this trade after owning it for so long.

40% is conservative enough.

Cash To 50%

745 views

Something is just…wrong here. Isn’t it?

A supermarket chain in the UK dropped that much? Wouldn’t oil have helped them? Greece plunged 11%? The EURUSD is dead, plumming along at 1.24.

These are 2009 type moves we’re seeing here. I’ve been looking at each of these events in a bottle, because I was blind to the obscene money I was making. Taken together, they spell a rather dark picture.

I didn’t sell any BAS, just CCJ, VOC and HCLP. If we get a good relief rally, well…let’s just say, I’m skittish now.

Uranium Spot Prices Continue To Soar

231 views

Approximate prices for the uranium spot market lifted another 5% from last week. We’re now well back into the $40’s.

This is what I have been waiting for, for years now. CCJ is still one of my larger holdings, and there is still time left in the year to have it be a big hit. But even if it doesn’t work out before 2014 comes to a close, 2015 will work fine too.

Japan set off the stampede. It ends gloriously.

Uranium Industry Is Healing

282 views

Most of my focus has been on the oil market lately, because when this kind of drop off built on this sparse level of evidence presents itself, you take it fully committed.

But a longstanding dark horse investment of mine has been the uranium industry. So confident in the resumption of this industry am I that every year since the Japan disaster, CCJ has been my pick for the stock of the year contest.

The sector has long been correcting and unloved. This comes from two sources.

The first source is fundamental to how uranium is bought and sold. The market volume is paper thin, and nuclear reactors remain well supplied with upwards of three years worth of fuel at all times. Unlike a coal plant, which takes delivery of fuel almost continuously throughout the year, nuclear power plants are tiny islands of isolation.

The second source is a lack of good news to build excitement in the uranium industry. Shares of uranium stocks have traded like deliveries of uranium – bidless.

Both aspects may be changing though. We are far enough out now from the Japan disaster that reactors are beginning to make adjustments to their supply agreements. As CCJ’s data has well supported, the long term supply agreements have not been prone to the massive drawdown that has plagued the uranium spot price.

Japan’s announcement that they are (finally) beginning the process of restarting reactors (after untold hardships in the face of stubbornness) is the critical breath of life missing from the equation. Nuclear stocks and uranium in particular can begin to get back on the minds of fickle fund managers. Investment can pick up in the sector.

Currently, I am showing uranium spot price in the mid to upper $30-40 range. This is a huge recovery from the high $20’s range that spot uranium was trading in just this spring.

If pricing can keep working upward, steadily, into the $40’s, I’d say we’d be getting close to a big and much needed pick me up.

Added To CCJ For $17.30

183 views

I upped my stake in CCJ, placing an additional 5% of my account in shares, for $17.30.

Added to CCJ for $17.90

140 views

I made purchases of CCJ, taking the position to 20% of assets once more.

The terror of the crowd notwithstanding, the stars are aligning.

It is time for the days of CCJ, my child.

Added Back To CCJ – 5% of Assets

200 views

I brought my overall cash position to 40% from 45%, bringing CCJ back up to 15% of assets.

Uranium prices are still rebounding and Japan restarts are rumored to begin shortly. I am not missing out on this trade after owning it for so long.

40% is conservative enough.

Previous Posts by Mr. Cain Thaler