Uranium Spot Prices Continue To Soar

230 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

198 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

165 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

153 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

277 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…

BAS Just Saved My Day

107 views

If not for Basic Energy Services turning on a dime and sprinting away from the rest of the trash that comprises this trading session, I would be having a pretty bad day.

UEC is down over 50% since I bought it. Mind you, as I have stated repeatedly, it is a small position. At its peak, it was under 5% of my account. So I’m not panicked here. But damn it, that was my 5%.

Give me my money back.

The trouble with the uranium miners (and the reason I’ve been very adamant up until now to just keep it simple and avoid the smaller businesses) is pretty forwardly summed up in UEC’s latest filing. They sold $0.00 in revenue in the first three months of 2014.

That’s $0.00.

The 2014 YEAR OF URANIUM BLISS (or whatever the hell I called it) …has been cancelled. Uranium spot just nosedived this week and, even though I suspect this flash crash is nearer the end of the turmoil, that kind of godless price action can only portend one thing.

Somebody is about to get liquidated.

I just pray it isn’t UEC.

CCJ is treading water daily. It’s all she can do to hold the line, but one false move and it’s a quick list to the side and down she goes.

The rest of my positions are holding up fairly well, actually. The multifamily theme remains tantalizing, particularly now that the primary argument against them – a resurgence in homeownership rates and a drop in occupancy for rentals – is such obvious bunk. AEC and MAA should continue to perform.

NRP has held up decent enough, following the 25% washout it took this year. That’s probably been my worst idea so far in 2014. But they are getting things under control, I have a hunch coal may be a terrific investment here, and I get to collect 8% annually while I wait.

I’m definitely not +10% for the year anymore, but there’s another 8 months to make something happen yet. My fear isn’t my positions, it’s what consequence an entire index of investors getting their combined comeuppance will have on me.

The NASDAQ traders got stupid. Real stupid. Will that spill over to me? It’s looking likely.

Like it or not, the stock market tends to take on a real flare of the vineyard effect. You pop up five vineyards next to each other, they all do well. Plenty of room to visit each, for the patrons. In fact, it draws in more business.

But if one of those bastards let’s an infestation go unattended; suddenly you have nothing but tears and reek wine.

Tesla earnings are out after the bell. Let’s see what happens there.

Uranium Spot Prices Continue To Soar

230 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

198 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

165 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

153 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

277 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…

BAS Just Saved My Day

107 views

If not for Basic Energy Services turning on a dime and sprinting away from the rest of the trash that comprises this trading session, I would be having a pretty bad day.

UEC is down over 50% since I bought it. Mind you, as I have stated repeatedly, it is a small position. At its peak, it was under 5% of my account. So I’m not panicked here. But damn it, that was my 5%.

Give me my money back.

The trouble with the uranium miners (and the reason I’ve been very adamant up until now to just keep it simple and avoid the smaller businesses) is pretty forwardly summed up in UEC’s latest filing. They sold $0.00 in revenue in the first three months of 2014.

That’s $0.00.

The 2014 YEAR OF URANIUM BLISS (or whatever the hell I called it) …has been cancelled. Uranium spot just nosedived this week and, even though I suspect this flash crash is nearer the end of the turmoil, that kind of godless price action can only portend one thing.

Somebody is about to get liquidated.

I just pray it isn’t UEC.

CCJ is treading water daily. It’s all she can do to hold the line, but one false move and it’s a quick list to the side and down she goes.

The rest of my positions are holding up fairly well, actually. The multifamily theme remains tantalizing, particularly now that the primary argument against them – a resurgence in homeownership rates and a drop in occupancy for rentals – is such obvious bunk. AEC and MAA should continue to perform.

NRP has held up decent enough, following the 25% washout it took this year. That’s probably been my worst idea so far in 2014. But they are getting things under control, I have a hunch coal may be a terrific investment here, and I get to collect 8% annually while I wait.

I’m definitely not +10% for the year anymore, but there’s another 8 months to make something happen yet. My fear isn’t my positions, it’s what consequence an entire index of investors getting their combined comeuppance will have on me.

The NASDAQ traders got stupid. Real stupid. Will that spill over to me? It’s looking likely.

Like it or not, the stock market tends to take on a real flare of the vineyard effect. You pop up five vineyards next to each other, they all do well. Plenty of room to visit each, for the patrons. In fact, it draws in more business.

But if one of those bastards let’s an infestation go unattended; suddenly you have nothing but tears and reek wine.

Tesla earnings are out after the bell. Let’s see what happens there.

Previous Posts by Mr. Cain Thaler
Added To HCLP
10 comments