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@fb Market reaction towards $PTU is very violent today. So many sellers.. It was one of the best performers in the up trend.
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@tcu Probably nothing $GXU wouldn't surprise me to see alot less selling pressure than some expect. May force some to buy that were waiting for a serious pullback. Either way, I'm ready. Let's hope for an increase in #uranium spot tonight
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anonymous Uranium Apr 17 23.00s -0.25 0.00 23.00 23.00 04/19/1
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@Onekey I always hear that the spot market is about 10 percent of the uranium consumed, but according to this chart spot market uranium is almost as much as the long term contracts, at least for 2016. Am I missing something? https://www.cameco.com/invest/markets/supply-demand
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@Wannabeinvestor used to be 80% term market and 20% spot. utilites, middle-men and even uranium producers are all more active now in the spot market given that it's oversupplied. some producers buy in the spot market to sell into their term contracts. this oversupply has helped create a mid-term market, which I suspect is based on sourcing from the spot market. it's actually all good, because the cure for low prices is low prices and the more activity there is the quicker the overhang will disappear.
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@NickZed Plus some overhang "On the supply side, secondary supplies, consisting largely of government inventories and enricher underfeeding, continue to provide the industry with an exceptionally low-cost source of uranium supply, where the economics differ considerably from mined production"
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@Excelsior @Rulingmining - thanks for sharing that article above. This aging French fleet of #Nuclear Reactors and the politics around shutting them down, extending their life, or building new ones is a very significant debate to follow. France is a MAJOR player in the Nuclear markets and $ARVCF Areva is one of the largest #Nuclear Energy & #Uranium Conglomerates out there. As bullish as I am with the new build out of China, India, Turkey, the UAE, Russia, South Korea, the US and a number of smaller countries, I have to admit that this French issue is a biggie and could be bearish for the Uranium sector. Wild times. ______________________________________________ * On the more positive side of #Uranium News ... Denison Announces 22.1 Metres of High-Grade Mineralization From Gryphon D Series as Winter Drilling Wraps Up at Wheeler River (Marketwired – April 20, 2017) – Denison Mines Corp. $DML $DNN http://denisonmines.mwnewsroom.com/press-releases/denison-announces-22-1-metres-of-high-grade-mineralization-from-gryphon-d-series-tsx-dml-201704201092234001
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@Picsou @Excelsior @Rulingmining The phase out of nuclear plants in France remains highly hypothetical. Candidate Hollande in 2012 promised to close Fessenheim (2 reactors out of 58) by end 2016 to get support from the tree huggers in order to win the elections. It now looks like it won't happen before 2019 at best, which shows how difficult it would be to implement at a nationwide level, assuming you get both a consensus on the issue and a firm schedule. Because really, only the (new) far left (~25% of the population siding for Melenchon or like minded candidates) believes in a "quick" phase out based on "ideological" lunacies, ignoring the issues faced by our German neighbors in doing so and basic economic incentives. Most people/candidates are pragmatic about the future of nuclear energy in France. Given the 3-7 years time frame we are looking at as #uranium mining investors, and I am tempted to say even if the current rally was a false signal before the real bull market starts, this should not affect our investment thesis. Of course this all changes in case we have a Fukushima type accident - at home or abroad -, but then our stocks would take a 25% or more hit overnight anyway.
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@tcu At 0.20 now. Had a feeling that this mass exodus would not happen. May be more of a slow bleed. $GXU holding strong so far with over half million shares traded. #uranium seems to be shrugging off the 1% decline yesterday.
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@Excelsior @Picsou - good thoughts. I never stated emphatically that the French were going to phase their reactors out. Here's what I said: " This aging French fleet of #Nuclear Reactors and the politics around shutting them down, extending their life, or building new ones is a very significant debate to follow." I'm sure it isn't the last we'll hear about this either, and it will be an area that any elected leader in France will need to deal with. Longer term 3 years out, the growth in Asia and the Middle east will more than absorb any lost fleet in Japan. All I'm saying is that France is a player in the nuclear space and if their 58 reactors are on the political chopping block, it would be significant to the #Uranium sector as a whole. It will be interesting to see how it unfolds.
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@Onekey $GXU down 7% then up 14%. Just another day in the #Uranium biz.
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@Goldfinger $GXU seeing high volume lower-to-higher reversal after briefly trading below lower Bollinger and C$.20 support level: http://cdn.ceo.ca/1cfhlbt-GXU.V_4.20.2017.png+ $uranium
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@Onekey Watching the news here in Sweden. In 1981 swedes voted to phase out nuclear power. But today the government made it more profitable to run and easier to extend the life of nuclear power plants.
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@tcu Doesn't really matter to me about this spring or summer. The way everyone needs to look at this is a long term play until at least 2020 and beyond. It will pay off in spades! $GXU will be a billion dollar stock as pallisades claims. That results in a 3++ $ share price given no further dilution. Looks dirt cheap to me at 20 cents. #uranium is a vital mix to any countries energy mix. Clean, and cheap, it is the only solution. Look forward to looking back at this moment thinking about how cheap this was when it's 2 dollars +
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@Bimbeebop @Slmjr Great post!!!!! I didn't know about the 21 moz of silver and 63 mlb of copper!? 225 square km still to be explored? This is great news!!!
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anonymous Uranium Apr 17 22.90s -0.10 0.00 22.90 22.90 04/21/17
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@Leon World Nuclear Power Reactor Construction 1951 - 2017, construction starts and startups. #uranium http://thebulletin.org/global-nuclear-power-database
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@Onekey This should be interesting. Hopefully we get some interviews from it. http://wnfc2017.pathable.com/ #uranium
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@Excelsior @Allan- you think the ~Zinc #Zinc ~mining syndicate #mbgtrends #Uranium #Lithium #Gold #Silver #Copper rooms are "stockhousie" but think your endless posts about learning spanish, golf clubs, and dog pictures actually add more value to investors here?
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@Pon http://www.japantimes.co.jp/news/2017/04/24/national/saga-governor-green-lights-restart-genkai-nuclear-reactors/ "Saga Gov. Yoshinori Yamaguchi on Monday approved the restart of two reactors at the Genkai nuclear power plant, with each scheduled to go online as early as this summer." #uranium #nuclear
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@ylr $NXE I think it will back test the 200sma. A critical trend line got broken. http://cdn.ceo.ca/1cfsgj7-NXE.png+ #uranium #ylr
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anonymous Uranium May 17 22.75s -0.15 0.00 22.75 22.75 04/24/17
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@NickZed http://www.jaif.or.jp/en/ good site for whats going on inJapan with nuclear
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@Hejmdal Surprises me that Cameco $CCJ / $CCO and UPC $U are going up while the rest within the sector are declining. Is there any justice in looking at them as leading indicators for some relief in the near term for the smaller #uranium stocks you reckon?
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@Onekey So how many reactors are good to go in Japan now? I lost track. Anybody know?
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@Pon lol @NickZed, the website he linked us to shows that. You can also do some article tracing, I think 4 this year?
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@Rulingmining I think it's 4 to be restarted at this point. I think 2-3 are operating unless these are among the same ones
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@Onekey Nice new interview with $GXU from Palisade Radio https://youtu.be/rmxJokwFrgM+
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@Leni Recently, I had a great conversation with Energy Fuels VP of Corporate Development Curtis Moore. We spoke about where the uranium price is headed in 2017, Sheep Mountain and Nichols Ranch permitting and Energy Fuels insider buying/selling. I think there is value in this interview for Energy Fuels shareholders and those that are thinking of buying. #EFR #UUUU #uranium http://www.juniorstockreview.com/2017/04/24/curtis-moore-energy-fuels/
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@edward @Leni the insider buying looked a little weak to me, they hardly seemed to be going all in with 20k CAD here and there. Compared to other insiders like Alex Molyneux's financing of Azarga Uranium #AZZ
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@Leni @edward I think that is a fair assessment to a degree, but it is still buying and I would much rather see that, than selling #uranium
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@Lukester599 I remain a steadfast $EFR / $UUUU fan. Plenty of upside on this one in a U recovery. Has enough size and resources to weather the next 3 years with manageable risk (if there is such a thing in the U juniors, they have it).
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@tommy An old story about Ben sparked after a fun night at Benihana's at PDAC 2013. How to discover a #uranium mine with your dad. http://blog.ceo.ca/2013/03/14/alpha-minerals/ RIP Ben! Such a class act
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@tcu Not saying $GXU will ever fall to 13 cents. Just throwing some number out there. I was buying more the last couple days and have a few bigger bids in the mid teens just in case. I am VERY bullish on $GXU and #URANIUM in the next few years and I believe GXU will be one of the go too's with the most torque
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noobinvestor Im new in investing in this sector and Im wondering what you people are looking at when a cycle is ending and turning over to a bear-market? That would be a very interesting read! This is of course the beginning of a bear market, but im in learning of everything about this animal they call the yellowcake.
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@Vaughan Hey noob, this is not the beginning of a bear market. Take a look at a 5 and 10 year chart in uranium and uranium equities. We are moreso nearing the end of the bear market than the beginning.
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noobinvestor Yes, I was just refering to the socalled bottom in November 2016. But what to look for to get a sence of the turning for a bear-market? Just supply/demand? Other things? Any articles on the matter? ULR?
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@chatyak When your uncle who is a uranium bull and has framed photos of all the worlds greatest uranium mines tells you that he's throwing in the towel...would mark a bottom
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@Vaughan annnndddd is this your uncle @chatyak?
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@Vaughan Has he thrown in the towel?
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@Goldfinger If $NXE chart was an EKG the patient would be flatlining here. Haven't seen the stock trade like this since 2015, before Arrow became a monster. $uranium
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@Onekey So how are are you #uranium people doing? Personally I am down 18 percent as of today. I mostly own $URA, $GXU, $UUUU, $ARY and $AZZ. I am hopefull though. From what I am hearing there is not much buying going on now. So that means there will be all the more buying later on (I assume). Anybody else care to share their missery?
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@Pon I bought most of my shares in early 1.30-1.40s for $UUUU so I'm okay, GXU bought at 0.30s, so a little burned there. But meh, wake me up when the market starts to move
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@Goldfinger First test of 200-day moving average for $URA in 2017: http://cdn.ceo.ca/1cg4i92-URA_Daily_4.27.2017.png+ Also staring at first daily close below lower 2-std Bollinger Band in 2017. $CCJ $CCO $NXE $uranium
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