The Recovery On Nobody’s Radar

1,676 views

Yesterday I received reports that uranium U308 spot prices stood at $39.25 per pound as of March 2, 2015. This is a ferocious recovery from the lows of $28.00 in the middle of last year; a rally of 40%.

We are still at least another 50% short of where uranium spot was trading when the Fukushima reactor melted down. Still, this price recovery is constructive.

The recovery in uranium miners has taken longer than I expected. Certainly I was aware that this might happen, but I took early positioning because I figured there were better odds of the market pricing in a recovery early on. Instead, fearing the “Chernobyl Syndrome”, the market curled up into a fetal position and didn’t move for four years.

I remain long CCJ and, despite being very disappointed with the short sighted antics of their upper management, am willing to continue holding out for gains. CCJ’s operations continue to perform beyond reasonable expectations, all things considered.

After CCJ hits $30, I will donate a portion of the proceeds to the Canadian tax agency to offset the cost of chaining their Board of Directors and tossing them into a pit of despair.

Uranium Spot Prices Continue To Soar

419 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.

Up For The Week, Somehow

350 views

The market may be down, but somehow I ended up a small sum. My account is up 3% today, erasing the nasty tumble I had play out over the past 48 hours.

I’m constructive in oil and energy names, but that applies more to energy services and complement plays than it does to pure oil bets. I’m also very adverse to deep sea drilling, because it’s expensive and easily priced out of competitiveness.

I’m getting excited about uranium for the first time in years. I’ve been enthusiastic up until now, but there was something missing. The fuel run is exactly what the doctor ordered.

Enjoy your weekend, my good man or lady. The 9th floor is closed for business, until Monday.

Huge Move In Uranium Prices

299 views

Uranium spot price is now back above $40. Price for uranium fuel has not been this high in years.

No joke, the recovery is now.

Long CCJ.

Uranium Prices May Have Finally Bottomed

305 views

I know, I’m sorry for the tap out title on this piece. It is spineless and cowardly. But I’ve gotten my hopes up enough times now, just to watch uranium prices breach new lows, that I will not tag along again.

It does appear, based on the very thinly traded reporting I have access to, that pricing for uranium fuel has increased dramatically in the past few weeks from around $28 per pound, to around $32 per pound.

This is of course nowhere near the $50 level it was at just a few short years ago. However, steps are to be taken incrementally. I want to see this hold up, then wait and see some more.

CCJ remains my only uranium play; I made a short trade in UEC for a wash earlier this year and decided the time was not right for the small miners.

My earliest prediction following the Fukushima Daiichi meltdown was that, if a V shape recovery could not quickly follow the price deflation, then at or around the three year anniversary would mark the recovery in nuclear fuel investments.

So far this year, those hopes have not been met. But there is still time; a few months later is not much off, and I could live with a year or two even…provided the rewards are rich enough.

Death Is Coming For Me

408 views

Sure my account doesn’t really show the anguish I am expecting yet, but that means little. You can be sure, the black hooded man is just around the corner, waiting to carry me off.

What am I talking about?

Check out uranium spot prices. I’m seeing spot now is down to $28 per pound. This floorless plunge cannot be hinting of pleasantries awaiting. We are experiencing bottomless pit action here; the screams of comrades ever echoing their misplaced footing.

There can be only one meaning behind this level of gore; someone(s) have finally been cashed out by the no sales nature of uranium brokerage these days. They are desperate for a bid – any bid – just something to keep the doors open.

This ends in a full scale liquidation or fire sales acquisitions, folks.

And to complete the cycle, Japan announced that their early nuclear restart aspirations have been put on notice by a low circuit court, which ruled against the restarts based on their status as nuclear safety experts…

A preliminary look says the court doesn’t actually have the authority to stop anything. Japan’s energy cabinet has already reaffirmed Japan’s commitment to restart the reactors, more or less brushing aside the court.

But this is bad publicity. Public opinion in Japan remains slated against nuclear power. I’m of the mind they still go through with it (they have to), but it’s going to be a very public, bitter contest.

For the moment, having as much CCJ stock as I do (mentioning CCJ’s own Canadian tax complications), plus UEC on the side, I can only presume the Devil is in wait to collect my soul.

Let’s not oblige him…

The Recovery On Nobody’s Radar

1,676 views

Yesterday I received reports that uranium U308 spot prices stood at $39.25 per pound as of March 2, 2015. This is a ferocious recovery from the lows of $28.00 in the middle of last year; a rally of 40%.

We are still at least another 50% short of where uranium spot was trading when the Fukushima reactor melted down. Still, this price recovery is constructive.

The recovery in uranium miners has taken longer than I expected. Certainly I was aware that this might happen, but I took early positioning because I figured there were better odds of the market pricing in a recovery early on. Instead, fearing the “Chernobyl Syndrome”, the market curled up into a fetal position and didn’t move for four years.

I remain long CCJ and, despite being very disappointed with the short sighted antics of their upper management, am willing to continue holding out for gains. CCJ’s operations continue to perform beyond reasonable expectations, all things considered.

After CCJ hits $30, I will donate a portion of the proceeds to the Canadian tax agency to offset the cost of chaining their Board of Directors and tossing them into a pit of despair.

Uranium Spot Prices Continue To Soar

419 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.

Up For The Week, Somehow

350 views

The market may be down, but somehow I ended up a small sum. My account is up 3% today, erasing the nasty tumble I had play out over the past 48 hours.

I’m constructive in oil and energy names, but that applies more to energy services and complement plays than it does to pure oil bets. I’m also very adverse to deep sea drilling, because it’s expensive and easily priced out of competitiveness.

I’m getting excited about uranium for the first time in years. I’ve been enthusiastic up until now, but there was something missing. The fuel run is exactly what the doctor ordered.

Enjoy your weekend, my good man or lady. The 9th floor is closed for business, until Monday.

Huge Move In Uranium Prices

299 views

Uranium spot price is now back above $40. Price for uranium fuel has not been this high in years.

No joke, the recovery is now.

Long CCJ.

Uranium Prices May Have Finally Bottomed

305 views

I know, I’m sorry for the tap out title on this piece. It is spineless and cowardly. But I’ve gotten my hopes up enough times now, just to watch uranium prices breach new lows, that I will not tag along again.

It does appear, based on the very thinly traded reporting I have access to, that pricing for uranium fuel has increased dramatically in the past few weeks from around $28 per pound, to around $32 per pound.

This is of course nowhere near the $50 level it was at just a few short years ago. However, steps are to be taken incrementally. I want to see this hold up, then wait and see some more.

CCJ remains my only uranium play; I made a short trade in UEC for a wash earlier this year and decided the time was not right for the small miners.

My earliest prediction following the Fukushima Daiichi meltdown was that, if a V shape recovery could not quickly follow the price deflation, then at or around the three year anniversary would mark the recovery in nuclear fuel investments.

So far this year, those hopes have not been met. But there is still time; a few months later is not much off, and I could live with a year or two even…provided the rewards are rich enough.

Death Is Coming For Me

408 views

Sure my account doesn’t really show the anguish I am expecting yet, but that means little. You can be sure, the black hooded man is just around the corner, waiting to carry me off.

What am I talking about?

Check out uranium spot prices. I’m seeing spot now is down to $28 per pound. This floorless plunge cannot be hinting of pleasantries awaiting. We are experiencing bottomless pit action here; the screams of comrades ever echoing their misplaced footing.

There can be only one meaning behind this level of gore; someone(s) have finally been cashed out by the no sales nature of uranium brokerage these days. They are desperate for a bid – any bid – just something to keep the doors open.

This ends in a full scale liquidation or fire sales acquisitions, folks.

And to complete the cycle, Japan announced that their early nuclear restart aspirations have been put on notice by a low circuit court, which ruled against the restarts based on their status as nuclear safety experts…

A preliminary look says the court doesn’t actually have the authority to stop anything. Japan’s energy cabinet has already reaffirmed Japan’s commitment to restart the reactors, more or less brushing aside the court.

But this is bad publicity. Public opinion in Japan remains slated against nuclear power. I’m of the mind they still go through with it (they have to), but it’s going to be a very public, bitter contest.

For the moment, having as much CCJ stock as I do (mentioning CCJ’s own Canadian tax complications), plus UEC on the side, I can only presume the Devil is in wait to collect my soul.

Let’s not oblige him…

Previous Posts by Mr. Cain Thaler