Global X Uranium ETF (URA)

[Pro-Life]

Needed sector news: Japan Okays Two More Nuclear Reactors
Wednesday December 17, 2014, 3:55pm PST
By Nick Wells+ - Exclusive to Uranium Investing News

http://uraniuminvestingnews.com/20333/japan-nuclear-reactors-sendai-kansai.html

Japan has greenlit the opening of two reactors for the Takahama project, which is owned by Kansai Electric Power Company (TSE:9503). That brings the number of approved reactors to four, just after a general election win showed steady support for the pro-nuclear ruling Liberal Democratic Party.

The new reactors will join the Sendai reactors, which were approved in early November after a local vote by the city of Satsumasendai supported their restart. The Sendai reactors aren’t expected to open until early 2015.

Cantor Fitzgerald forecasts that 32 reactors will ultimately be restarted, with nine in 2015, 10 in 2016, 12 in 2017 and one in 2018.

In a note to investors, Rob Chang talked of the reactor restarts being viewed “as a key market catalyst as some investors remain sceptical on whether it will actually occur.”

David Talbot, with Dundee Capital Markets, largely echoed those thoughts.

“Dundee’s opinion is that these two reactors are part of the ‘friendly thirteen’ reactors that will likely gain local approval based on local support — of the 19 or so that are currently under application for start-up,” he said in a comment to investors.

The reactors will require a month-long consultation process, with both the local and municipal governments needing to give their approval.

Uranium is currently trading at $37 a pound.

[Pro-Life]

URA has a late day surge...

[Pro-Life]

The reversal on Friday is encouraging... URA

[JohnCM]

[Pro-Life]

Time to get the cobwebs off the i-Box/i-Message...

[Pro-Life]

We got a winner here...

[Pro-Life]

Good... options... breakout happening... FINALLY!!!

[Pro-Life]

Finally, U308 sector bottom buster in progress:

Weekly chart... enjoy the view...

[Pro-Life]

This entire sector is on the move... U308

[BYUINSDER]

http://elliottwavepredictions.com

Urre looks like it wants to run.

[BurrTim]

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=4F41213A-9A98-2031-DC54E123A877B815

[JohnCM]

Looks like support is in ...

[BurrTim]

I did well in the past as well and the miners seem too risky this time. Have been following NLR but the volume is pathetic. Do you know of other options besides URA? Another question, if I may, do you think we are early on this trade? Looking to find a bottom like Nat Gas had. Never bad to be a bit early if the bottom is in. Thank for your thoughts.

[JohnCM]

I was in Uranium years ago and did quite well.

If I were to jump back in again I would only play the Uranium ETF.

[BurrTim]

Don't know. What do you think of URA as a trading vehicle for U price jump?

[JohnCM]

What is spot uranium right now?

[JohnCM]

I was wrong then. Just bought in ...

[JohnCM]

Good time to start a position ...