Hands down, the most frustrating aspect of investing for me is buying into a solid, proverbial gold mine, only to discover that the current shareholder base are conviction-less cowards tripping over themselves to undermine what’s in the company’s best interests.

Unfortunately, it’s these very situations that tend to prove the most profitable, because there’s a never ending shortage of frightened shares coming to market, which can be scooped up over prolonged periods of time for bottom-low prices.

When I find myself in positions where I have no spare cash, though, these deserters shaking my boat are a source of furry.

Take for instance, BAS. The stock cannot seem to find its legs, because every time it makes a push over $12, a flood of sell orders comes from somewhere in the backfield. Why? Oh well because shareholders are just so worried about the next quarter of numbers.

Here’s the thing. We already know how the next quarter of numbers will look – awful. And the stock’s still cheap. Now shut up, calm down, and grow a back bone.

Another keen example would be CCJ. The stock gets blasted every few months by a wave of fleeing children masquerading as shareholders, because the uranium market has not instantly completely recovered. Comically, we’ve hit the point where every analysis on uranium is finally admitting that it’s way undervalued and due for a strong rebound.

So what’s the problem? Oh, well “when” that rebound occurs could be this year, or sometime over the next several.

Am I missing something here? The rebound is going to double uranium miners, at least. Most of you fund managers are lucky to average 5% annually. What’s the problem here?

I’m going to end my morning rant on that note. The summary is: a stock’s biggest threat usually comes from within, by double-dealing company owners trying to outsmart the rest of the company stock, usually to their incompetent failings.

I have to commend the gun-reformists on making me and the rest of the “child murderers” rich as fuck. RGR is now well above +20% gains from my bottom-ticking buy in December.

I can only lay the gratitude for this bounty at the feet of Obama, Biden, Piers Morgan, and the city of Chicago. Thanks to their obnoxious paternalism and almost knee jerk grab for the most childishly simplistic solution available, tens of millions of people can’t order firearms fast enough.

This is Chik-fil-A all over again. Those of us who absolutely love pointless rules, poorly worded laws, long discussions to nowhere, and big “cozy feeling” bodies of public aid workers (especially if they have flashy titles) are just determined to “punish” the rest of us with blessings of blow out, “never-been-this-profitable-before” quarters.

I am obliged to accept these “punishments”. Please, “punish” all of my stocks with record sales. For surely I deserve it…

Biden is currently in negotiations with that dreaded lobby group the NRA – which is most definitely not “grassroots”, nor does it represent anyone (perhaps with the one little exception of at least 30 million of the 60+ million gun owners in this country).

Meanwhile, the most recent Gallop poll shows a majority of Americans *shock* still don’t support the assault weapons ban. That’s probably just from the fact that anyone with 5 minutes of free time and an Ethernet connection can conduct enough research to convince themselves that the last one accomplished nothing.

I’m sure such inconveniences will easily be bridged by our hard working, “much much smarter than you”, US press corps – diligently glossing over any story that doesn’t strictly conform to the favored New York City message (don’t own guns, just use the money from your NYSE to hire 35,000 armed police…)

Meanwhile, I wait with anticipation for the next Piers Morgan interview. I’m told this time they intend to drag in an 11 year old girl with tourettes, the tire from an ’04 Stratus, and some road kill for him to show off his amazing debate skills on, in real time of course.

Go get ‘em, Piers…

While the Fly is busy over on his blog heralding the great Japanese revival, and the massive stimulus efforts the new/old government is bringing to the table, I am welcoming them for a different reason.

Their new prime minister Shinzo Abe is a nuclear man at heart, and he has commanded in no uncertain terms, “restart these fucking reactors, right now.” Abe will not stand for the masterful achievement of his party, the conversion of Japan to nuclear energy over the last 50 years, to be left by the wayside. Particularly if he hopes to stand up to the Chinese, he needs those reactors, or else Japan will be slapped around by a torrent of fuel supply issues and Chinese mainland fuckery.

If the uranium markets can just clear out some of the U308 glut, we can get some price stability. Brokerage in these kinds of zero volume markets are frustrating, as now the long term price of $60 that had held up so well appears to be breaking. If that happens, I have no reservations about saying CCJ will re-re-test the lows.

That would be about the most aggravating thing imaginable.

But outside of these petty price battles, the fundamentals for uranium and the miners are clearly shoring up. Even without a dramatic rebound from Japan nuclear demand, it is only a matter of time before existing market supply is swamped out.

Read here:

This past year may have been a sour one for uranium spot prices, but 2012 brought many positive developments for market fundamentals — especially in the second half of the year. Industry analysts see these developments as early signs of a crucial turnaround for uranium spot prices and uranium mining shares.

The uranium market has been on a long and bumpy ride to recovery since the 2008 financial crash crippled the commodities sector. Throughout the second half of 2010, investors cheered as the U3O8 spot price surged more than $30/lb, eventually hitting a pre-crash high of $72/lb in January 2011. However, the industry fallout following the Fukushima Daiichi nuclear disaster in March of that year wiped out most of the rally’s gains and spot prices remained range-bound, between $49/lb and $52/lb, for nearly a year.

In 2012, uncertainty was the dominant factor affecting spot prices. Previously nuclear-reliant nations like Japan and Germany signaled that they might be winding down their nuclear programs, while the potential that offloaded supply could flood the market made many buyers hesitant to buy at $50/lb, driving short-term spot prices down to $40/lb early in the last quarter.

The most significant development in 2012 came last month, with the pro-nuclear Liberal Democratic Party’s landslide victory in Japan’s federal election. That indicates that there will likely be a faster-paced restart program for the nation’s 48 inactive reactors.

Long tendrils of smoke curl around the knuckles of my left hand, wafting as they stretch into the air. The wisps tangle in my goatee, until the force of my arm moving causes them to disperse with abruptness, bringing the cigar to clasp between my lips.

Leaning back in my chair, with one leg draped over the other, my right arm is stretched off to the side; my hand resting on a keyboard, the index finger of which occasionally, thoughtlessly strokes the Enter key, refreshing the screen I’m not really looking at, out of the corner of my eye. I draw deeply from the cigar, sending rose color spattering across the walls.

It’s over and I’ve won.

Another buck o’ five, and I will be up 20% on my Sturm, Ruger & Co position in one month. The stock is digesting now, but soon, it will run even higher.

Illinois’ latest effort to infringe on the rights of gun owners was checked late last night. Not even in Illinois, the heart of gun hating, paternalistic, authoritarian pansies, can they successfully check the gun lobbies. That’s probably because no matter how frequently or frantically the network heads deny it, the gun lobbies are about as grassroots and motivated as you can get.

Today is the first day of Congress, and so far Diane Feinstein is nowhere to be found. Go on, introduce your little bill, wretch. For it goes to its long slumber in the halls of the House.

I bet you must feel stupid. You gave in to the panic, checking your mind at the door. You let emotional arguments overpower you, and now, you’ll see the world hasn’t changed in the slightest from November, before that incident.

Guns are not going anywhere. And now I have your money too.

I just managed to get around to checking the weekly U308 numbers. The price recovery continues, germs.

Spot prices are up another 1%+ this week, now nearing the $45 /lb price. Long term prices remain pegged at $60.

This is your last warning. All who oppose uranium are about to be offered up for slaughter. Your weregild is cheap, and CCJ will offer no quarter.

AEC and CLP are ramping.

BAS is ramping.

RGR is making the turn.

Alright, so silver is getting crushed. But I can live with that. It’s a buying opportunity if I’ve ever seen one.

My Christmas rally is here. Santa Clause has delivered.

Ho Ho Ho