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…
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This is why it’s so nice to have a cash position, as short term weakness in uranium miners is all but guaranteed but the long term picture is still looking good for those who can survive this drought. My first target for adding to CCJ is 18.00, although I’m not sure I’d want to be anywhere near any of the junior miners unless they have a serious cash horde.
I have a little so it’s not a big deal but
man the CCJ chart looks awful .Would
not add now even with your money .
A really hot siummer though and things could change.
you haven’t posted in a week. did death get you?
R.I.P.