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@cole119 $URA just hit $12.72 needs a close above $12.80 to start new uptrend.
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@thehack @onekey agreed, which is why I think there's still a bull market to come and I'm in for it. The technological advances I bought up are still a long way away. Bill Gates spoke of utility scale battery storage as not even close to becoming a reality which leaves renewable energy as strictly secondary supply. Use of depleted uranium may never become a reality.
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@thehack Guess my point is that there's some great minds focused on changing the dynamics of the nuclear (and broader) energy space which will undoubtedly effect uranium demand long term. I'm in for this bull run but after that I'm definitely getting out of uranium.
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@Excelsior @thehack & @Onekey - good discussion. One area that doesn't get enough coverage is the advancements being worked on in treating #nuclear fuel as a means of improving efficiencies, lowering costs, and reducing melt-down concerns by improving the fuel pellets. This is an area that can definitely be explored further. Ideas like what $LTBR is doing with #Vanadium / #Zirconium clad #Uranium pellets, or $IB IBC Alloy's studies with Texas A&M and Purdue regarding the #Beryllium coated Uranium pellets achieve the same goal of lowering heat, reducing meltdown risk, and improving the efficiency of the fuel. I'm very bullish on further treatment to the fuel as a step in the right direction. I still believe in the potential for Nuclear power to get better rather than outdated. Cheers! > Here's the white paper on the $IB IBC research for an idea of what may be possible. "Improving the thermal conductivity is the most direct method of addressing the heat issues facing current nuclear dioxide fuels. Modifying the thermal conductivity requires introducing a new material. Whatever material being introduced needs to be unreactive, even at high temperatures, with the UO2 in order to protect the fuel's integrity. Beryllium oxide was chosen as an ideal material as BeO remains unreactive with UO2 all the way up to 2100oC and has the best thermal conductivity of any oxide. The issue has been fi nding a manufacturing process for combining BeO with UO2 which is viable on an industrial scale." http://cdn.ceo.ca/1cj33l6-Nuclear%20Fuels%20White%20Paper_R4%20%281%29.pdf >> $LTBR Lightbridge has really been taking off lately, and that is likely due to having Areva as a champion of their concept, and the Chinese patents. Lightbridge Receives Notice of Allowance for Another Key Patent in China for its Metallic Nuclear Fuel 5/30/2017 http://ir.ltbridge.com/releasedetail.cfm?ReleaseID=1028195 >>> #Westinghouse formal launch of safer nuclear fuel with tests planned from 2018-2022 brian wang | June 14, 2017 "Delivered in two phases, the initial EnCore Fuel product consists of coated cladding containing uranium silicide pellets, which Westinghouse says distinguishes the fuel from other accident-tolerant fuel solutions thanks to their higher density and higher thermal conductivity." https://www.nextbigfuture.com/2017/06/westinghouse-formal-launch-of-safer-nuclear-fuel-with-tests-planned-from-2018-2022.html
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@Goldfinger $Uranium sector quietly having its best day since April. $CCJ $CCO $FCU $NXE $URA $UEC
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@tcu Me too. i believe that my money is in very good hands with $GXU. when #uranium turns around (which could happen any day now) i will be ready with a ton of shares. i think that Mr Major has already hinted that many others in Niger have been taken out for around the 1 Billion mark. even with further dilution ... if Areva were to purchase us for anywhere near that, we would easily be in the 2-3 dollar range given a higher U price. it is possible, and it very well happen. Areva already has the infrastructure, we have the ground. they are depleting their current mines, we have new ones. pretty simple to me. they buy us out in 2019-2020
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@Excelsior #Korelin Economics Report Thursday June 22, 2017 #AudioInterview #GOLD MINERS – SENTIMENT, $GDX #CHART, AND QUALITY STOCKS DIVERGING "A close look into the #junior #mining sectors with The Junior Miner Junky David Erfle. We look at the bearish sentiment in the sector as judged by the Gold Miners Bullish Percentage Index $BPGDM as well as the $GDX chart. With a tighter and tighter range investors are waiting to see which way it breaks. We also touch on the #Uranium sector at the end of the interview." http://www.kereport.com/2017/06/22/gold-miners-sentiment-gdx-chart-quality-stocks-diverging/ _____________________________________________ A TECHNICAL LOOK AT #GOLD STOCKS Friday June 23, 2017 #AudioInterview #TechnicalAnalysis "Jordan Roy-Byrne, Editor of @TheDailyGold, shares his technical outlook on the #gold #mining sector focused on $GDX. With the recently moves on low volume and the inability of GDX to breakout to the upside Jordan is worried about another drop. He says watch the 21 level on GDX." http://www.kereport.com/2017/06/23/technical-gold-stocks/
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anonymous One Trader Finds "Somewhere Cheap To Hide" http://www.zerohedge.com/news/2017-06-23/one-trader-finds-somewhere-cheap-hide #uranium
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Onekey @tcu So you expect about a 10-15x return on your $GXU investment from current levels. Did I get that right? #uranium
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@cole119 $URA closes at $13.04 = HOD, up 55cents. Highest single day gain in over 3 months. #Uranium
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@Goldfinger One POSSIBILITY for $NXE: Early in the week price dropped below weekly 2-std Bollinger Band and out of multi-month falling wedge only to rebound strongly and close at the high of the week http://cdn.ceo.ca/1ckqtsm-NXE.TO_Weekly_6.23.2017.png+ Bullish reversal hammer needs confirmation next week, however, oversold rally could easily reach C$2.85-C$3.00 area early next week. Nobody was calling a bottom at Tuesday's low (including me) and many were saying NXE had to go lower. #observations. $uranium
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@tcu I expect a long term price target on $GXU of over 2$. Given the #URANIUM prices increase the way most predict of course. I do believe areva will buy them out. I can easily see a 500-800 Million dollar market cap in the next 2-3 years. Plus downside is literally nothing. Huuuuuuge solid base created the last couple months
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@btremain A strong finsh to the week by URA (finallY), so I entered $UEC with two lots during the afternoon after watching it for a month. Expecting continuation on Monday, once everyone has the chance to ponder over the weekend the fresh green shoots in #uranium
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@Excelsior @Goldfinger - as to your point earlier today about the #Uranium space quietly having it's best day since April. Very refreshing to see. Here's a recap of the companies that had a positive ~Green day to close up the week. #Uranium Stock Symbol Company Name Chg % Chg $UEC Uranium Energy Corp. +0.22 +15.71% $PBM Pacific Bay Minerals Ltd. +0.005 +12.50% $CLE Clean Commodities Corp. +0.005 +10.00% $FCU Fission Uranium Corp. +0.05 +9.26% $DNN Denison Mines Corp. +0.04 +8.93% $ARY Anfield Resources Inc. +0.005 +8.33% $FUU Fission 3.0 Corp. +0.01 +7.69% $URG UR-Energy Inc. +0.04 +7.14% $URRE Uranium Resources, Inc. +0.10 +7.04% $MGA Mega Uranium Ltd. +0.01 +5.88% $DYL.AX Deep Yellow Limited +0.01 +5.45% $UEX UEX Corporation +0.01 +5.26% $URA Global X Uranium ETF +0.56 +4.49% $UUUU Energy Fuels Inc. +0.06 +3.95% $SNR Senator Minerals Inc. +0.04 +3.48% $NXE NexGen Energy Ltd. +0.09 +3.41% $AZM Azimut Exploration Inc. +0.01 +3.13% $CCJ Cameco Corporation +0.23 +2.52% $LEU Centrus Energy Corp. +0.11 +2.33% $PWM Power Metals Corp. 0.00 +1.82% $PLU Plateau Uranium Inc. 0.00 +1.33% $U Uranium Participation Corporation +0.05 +1.28% $ERA.AX Energy Resources of Australia Ltd 0.00 +1.03%
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@tcu Looking back at the last 10 years, $URA tends to get some love in June. With the exception for 2 of the last 3.
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@Agjackso Why no love for bannerman resources BMN?
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@tcu Wow great article. I bet no one has thought about the waste solar panel will result in when they are toast. Lots of chemicals and tons of junk in landfills poisoning water in poor countries
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@SFtrader @tcu The downside of $GXU could be 100%, as with many other juniors, if this $Uranium bull market doesn't work out. Cautious optimism would be more prudent. Still thinking we may test $.14-$.15 range where I'm waiting to step in.
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from #gxu,
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@tcu I don't think you will ever get your fill. But good luck. Buyers and sellers. That's what it's about. A difference in opinions. I however really do not see under 18 again. Tested multiple times and failed. $URA huge volume and increase today is a start to a good sign for the U sector and $GXU
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@SFtrader Why don't you think it can't go under $.18 again? $GXU was under $.10 6 months ago and the fundamentals for $Uranium have not improved at all since then. In fact, sentiment may be worse given the Korea situation. We'll see if support holds, but if it does drop from here, IMO it's a huge buying opportunity and I'll take advantage.
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@poolman Love it - al gore finally outed as an idiot by Charlie Munger. https://finance.yahoo.com/news/buffett-partner-charlie-munger-says-135509218.html
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@tcu I'm sure everyone would. When it was under 10 cents that was right after they did a financing, #Uranium hadn't already had a rally and sentiment was worst IMO. All a matter of perspective but I think our opinions differ and may have to agree to disagree. I guess the only this I would agree on is that $GXU is a massive buy under 18 IF it happens.
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@tcu Not worried about SK and them "phasing out" nuclear. I think it's BS.
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Onekey #uranium up $0,1. Now at $20,15.
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@edward The volumes on #uranium stocks on Friday were low with a couple of exceptions (on my list) $FCU & $UEC. Some volume in the larger caps would be a good start. But hoping we've once again exhausted the sellers for the time being.
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@Rulingmining @tcu SK population seem to all follow the general trend. Right now they do not like nuclear. There is even a popular SK movie on netflix, 'Pandora' (2016) about a town's nuclear reactor melting down. Check it out, it'll give you an indication of how they are thinking.
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@tcu Will do
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@Goldfinger $NXE 4-year log scale chart illustrating the recent correction is very similar to last year's. A quick move back above C$2.85 will make last week's drop down to C$2.43 look like a failed breakdown: http://cdn.ceo.ca/1cksusg-NXE_Log_Scale.png+ Another thing worth noticing is the relatively light volume on the decline over the last few months. Last week in $NXE is an example of why I often refer to weekly closing prices. $uranium $URA
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@SFtrader Very interesting 10 year cycle analysis for $Uranium spot prices, especially when you see it charted out. A big move may be looming... $UUUU $GXU $WUC $DNN https://www.youtube.com/watch?v=-VJh3vKhbbc+
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@Agjackso A reversion back to $30-50 uranium seems likely, a reversion back over $100 less so because of all the reactors that are coming offline over the next few years and the slow speed at which new ones are being built. Maybe by 2025 enough reactors will be back online in Japan and built in china and India to bring prices higher, but I wouldn't expect uranium prices too much higher than the all in cost of production for companies like CCJ and DNN unless there's some massive demand. The fact that the price of uranium is below the all in cost of production is a screaming buy, in my opinion. Perhaps that purchase was made last friday, we'll have to just wait and see.
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@Slmjr Anyone think with $pdn potentially going under that will remove much from the market?
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Onekey @agjackso At $30-50 no new mines will be built. The price has to go higher than that sooner or later.
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@Agjackso Don't the Kahaks, and Cameco, and DNN and others in the Athabasca Basin already have sufficient mines built to supply uranium for the foreseeable future?
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Onekey I heard Daniel Major say somehwhere that 20% of supply will be used up in 10 years or so (not sure about the number of years). The thing is that it takes a long time to open a new mine. The longer the price stays depressed, the longer it will take to get new mines online no matter how much demand there is from utilities. The smartest thing that utilities could do would actually to make a really big purchase of #uranium now while the prices are low, that way they could kickstart the upward price move which will inturn lead to new mines opening up which will ultimately be good for utilities longer down the road. Instead they are setting themselves up for higher prices AND a shortage of uranium.
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@thehack @agjackso don't underestimate the potential in Latin America. They have relatively small nuclear power generation and I've read articles lately suggesting they may ramp up nuclear significantly.
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@tcu but one would argue that the price of #uranium is irrelevant to utilities as it represents a tiny price for them relative to the cost to build and maintin. its an after thought. when it comes to cameco and DNN, they may be a couple of the only companies ready to restart (mostly cameco in the ath basin) the rest of the players are explorers and land owners (and wannabees) there is something like 30 companies left and the vaste majority arent producers. that's the key. if Uranium spot does not significantly increase they will NEVER get the money to even contemplate starting a mine. who in their right mind would finance a company in a sector that you cant even make money off what you pull out of the ground. This is what will lead to supply crunch in the future ( i think 2020) until then, we rely on the kazaks and cameco to curb supply since they make no money. cure for low prices are low prices, and we have seen years of this. so the kazaks ipo, trading arm is huge. japanese restarts, huge. but new mines coming online ... none existant really. maybe in 7-10 years. Only the best of the best will be built ($NXE) and thats about it. $GXU may also have an advantage as their costs to built etc are much lower than the norm. plus their way of mining is also significantly cheaper.
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Onekey @tcu Agree. I would just add that $UUUU can crank up their production too if the price is right, if I'm not mistaken.
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@thehack @SFtrader that has to be the most basic technical analysis that I have ever witnessed. That guy is seriously stupid, made no valid points and I highly doubt has even the most basic grasp of Gann theory.
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Onekey Isn't technical analysis just bullshit? Might as well try astrology and reading animal bones. Especially when it comes to things like #uranium that is totally determined my a small number of macro political/economical decisions. One political decision can totally turn the table at any moment and I am supposed to rely on patterns in a graph when forecasting the future? Can the magical shoulders of destiny or the inverted candle of doom (or whatever they call it) really tell us anything about what is going on inside the heads of a few guys running Kazatomprom? Or the South Korean president? Or Donald Trump?
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@thehack @Onekey The more complicated it gets the less reliable it is. Basic technical analysis is a useful tool and has solid reasoning behind it. Double/triple tops, moving averages, candlestick formations, bollinger bands, volume v price analysis, ascending/descending triangle formations, etc, the list goes on, all useful in addition to sound fundamental analysis. In fact the first thing you should look at is the chart, they don't lie, directors do.
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Onekey I think technical analysis can be useful for some stock in some industries sometimes. But for things like #uranium I think it's totally useless. But I guess it depends on what your time horizon is also. I'm in uranium for the coming bull market. To me things like basic supply/demand, cost of uranium and world politics are whats interesting.Not weekly shifts in a chart.
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@SFtrader @thehack I don't even think that qualifies as technical analysis. All he was doing was taking a look at different cyclical timeframes. I thought it was interesting.
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@SFtrader @onekey $UUUU has 6 mines on standby and can get all of them into production within 6-12months. I believe they can ramp up to 7M lbs per year with all of those firing.
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Onekey @SFtrader Thanks! Yeah, I have high hopes for $UUUU. Especially with protective Donald in the white house.
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@thehack @Onekey Basic TA just acts as a visual representation of market forces as they play out. I have high hopes that uranium spot is putting in a medium double bottom right now. I've built a large a position in $UUUU $EFR on the back of that belief.
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Onekey Three days after Fukushima $URA hit 76,15 that's 5,8 x the current price of 13,04....Imagine that...a coupple of days after Fukushima the price was 5,8 times higher, and it actually went up to 80 for a short while. The day after a nuclear disatster that fund was valued at 5,8 times more than it is now with all the amazing fundamentals we see. It's both absurd and inspiring :)
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@tcu technical analysis can and should be used but always paired WITH supply demand and a proper thesis on the WHEN not the IF. if you have to ask IF then you are making the wrong bet. If its just a matter of WHEN, then you have a sound thesis and a proper investment. Now use this in combination with TA to judge buy/entry points and you have yourself a proper investing mix. Perfect example of TA working when the commodity is not, check out the head and shoulders top on $NXE, follow by a reverse head and shoulders completed with a cup and handle. the reverse head and shoulders was a perfect technical indicator that it was about to turn around (which timed perfectly with the upturn in U and Trump election) but the TOP presented sellers an opportunity to take profits regardless of what the spot was doing. This was purely TA. i agree that video with the 10 year stuff is kinda BS. the guy didnt seem to know what he was doing, but there is absolutely something to be said for technicals. Now the true reality lies in the question of when .... not if.
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@ocotilloredux holy shit.
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