Saturday, November 16, 2013 4:20:00 PM
WTF...What the Fukushima...although the Pacific Ocean is dead and most of the westcoast of the United States is next...uranium stocks are entering a bull market...
NLR...Uranium ETF...higher lows...higher lows since October's test of the 50 day average...the game has started...and some great prices on Uranium stocks right now...
http://uraniuminvestingnews.com/15466/top-ten-stocks-for-a-uranium-price-rebound-david-talbot.html
When it comes to uranium market sentiment, “it’s all about Japan,” says David Talbot, senior mining analyst at Dundee Capital Markets. With restart applications trickling in and reactor construction underway throughout the world, a turnaround looks less like an “if” and more like a “when.” Once Japan moves forward, the rest of the world will start to catch up on the uranium purchases they’ve been deferring.
A uranium supply crisis is still brewing and the fundamentals do remain strong. Demand is stable and reasonably predictable. The weak spot price still threatens future mine supply with more closures, cancellations and deferrals of mining projects. The all-important catalyst at the end of this year is the end of the Russia-U.S. HEU “Megatons to Megawatts” program, which in our view will not be renewed. That means 24 million pounds (24 Mlb) of secondary supply comes offline with no replacement - equivalent to the entire production of Cameco Corp. (CCO:TSX; CCJ:NYSE). Uranium prices are too low to incentivize new builds right now. We think prices must rise, as will the equities.
Utilities will also have to return to term contracting as they do have significant unmet uranium requirements over the next four or five years. There are more reactors planned or proposed now than ever before, and we are seeing contract awards for construction of reactors, like in Turkey for example, and the UK reaffirmed its commitment to nuclear only a few months ago. We continue to forecast a supply/demand deficit by the end of 2014. By 2020, we expect about 240 Mlb of demand to be offset by only ~200 Mlb of total supply, including secondary supplies...
Uranium Bull Market
NLR...Uranium ETF...higher lows...higher lows since October's test of the 50 day average...the game has started...and some great prices on Uranium stocks right now...
http://uraniuminvestingnews.com/15466/top-ten-stocks-for-a-uranium-price-rebound-david-talbot.html
When it comes to uranium market sentiment, “it’s all about Japan,” says David Talbot, senior mining analyst at Dundee Capital Markets. With restart applications trickling in and reactor construction underway throughout the world, a turnaround looks less like an “if” and more like a “when.” Once Japan moves forward, the rest of the world will start to catch up on the uranium purchases they’ve been deferring.
A uranium supply crisis is still brewing and the fundamentals do remain strong. Demand is stable and reasonably predictable. The weak spot price still threatens future mine supply with more closures, cancellations and deferrals of mining projects. The all-important catalyst at the end of this year is the end of the Russia-U.S. HEU “Megatons to Megawatts” program, which in our view will not be renewed. That means 24 million pounds (24 Mlb) of secondary supply comes offline with no replacement - equivalent to the entire production of Cameco Corp. (CCO:TSX; CCJ:NYSE). Uranium prices are too low to incentivize new builds right now. We think prices must rise, as will the equities.
Utilities will also have to return to term contracting as they do have significant unmet uranium requirements over the next four or five years. There are more reactors planned or proposed now than ever before, and we are seeing contract awards for construction of reactors, like in Turkey for example, and the UK reaffirmed its commitment to nuclear only a few months ago. We continue to forecast a supply/demand deficit by the end of 2014. By 2020, we expect about 240 Mlb of demand to be offset by only ~200 Mlb of total supply, including secondary supplies...
Uranium Bull Market
“A man cannot directly choose his circumstances, but he can
choose his thoughts, and so indirectly, yet surely, shape his
circumstances. James Allen, As a Man Thinketh
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