Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Tesla Robo Taxis are Coming THIS YEAR! - 16th June 24
Will NVDA Crash the Market? - 16th June 24
Inflation Is Dead! Or Is It? - 16th June 24
Investors Are Forever Blowing Bubbles - 16th June 24
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 24
Bitcoin Trend Forecast, Crypto's Exit Strategy - 31st May 24
Zimbabwe Officials Already Looking to Inflate New Gold-Backed Currency - 31st May 24
India Silver Imports Have Already Topped 2023 Total - 31st May 24
Gold Has Done Its Job – Isn’t That Enough? - 31st May 24
Gold Stocks Catching Up - 31st May 24
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Reveille For The American Nuclear Industry, Uranium Stocks Investing

Companies / Nuclear Power Dec 17, 2010 - 04:37 AM GMT

By: Jeb_Handwerger

Companies

Best Financial Markets Analysis ArticleA few days ago the French upstaged the US mighty nuclear reactor construction industry under our very noses in broad daylight making us appear as Homer Simpson napping at the control plant of Mr. Burns’ atomic energy plant in Springfield.  Most of the media never mentioned the event. Only one gave it token coverage hidden on pg. A13 without realizing its true significance.  French President Nicholas Sarkozy signed a landmark deal with the Indian Government to sell billions of dollars of nuclear reactors and fuel for the next 25 years, while the US is battling in hard economic times, beset by unemployment to maintain a grip on India’s extremely profitable and growing nuclear industry. 


The French, Japan, Korea and China are actively building reactors.    In fact India, desires to develop nuclear electricity as a cleaner alternative to coal based energy to satisfy India’s increasing needs.  India is on record of having about 4560 Megawatts of nuclear power now, but desires to multiply that approximately 14 times by 2032.  French President Sarkozy recently returned from Mumbai saying that the Nuclear Agreements are “very favorable to the French Nuclear Industry.”  Moreover the French are building a state of the art, new generation nuclear reactor in Finland.

The United States is constantly laboring to court India’s very profitable and blossoming nuclear energy industry.  President Sarkozy has invaded the marketplace which has been historically commanded by America.  Admittedly, it is important to protect polar bear habitats, but simultaneously we should defend a sector in which we were pioneers going way back to the Manhattan Project led by Einstein, Bohr, Oppenheimer and Meitner.  These visionaries were thrown out of the “Fatherland” because they espoused a new physics that was antagonistic to the classical German rocket technology.  This erroneous decision was later regretted by the Nazis as they failed in the race to build “the a-bomb.” 

           There is another major crisis over the near term.  America is one of the largest users of uranium and a lot of the uranium comes from Russia.  More than 90% of uranium consumed in this country is imported. However, that program with Russia is coming to an end by the end of 2013 and the U.S. will need to find alternate supplies.  Time to wake up, Homer. 

           Yesterday, The Russians (ARMZ) purchased Mantra for almost $10 a pound of uranium in the ground.  Mantra controls the Nyota deposit and will be able to produce 5 million pounds of uranium a year. This transaction signals that governments and institutional investors are scrambling for control of uranium assets in the ground.  These transactions should continue over the next few months as alert foreign nations such as China and Russia are realizing the dire supply demand constraints.  Russian uranium requirements have increased evidenced this year by several acquisitions including Uranium One (UUU:TSX) which has just received its NRC License on its Moore Ranch project.  Other miners in Wyoming are likely targets.  The trend is signaling that the suitors will come from overseas as China, with its recent take off agreement with Cameco (CCJ:NYSE) and Russia with its recent purchase of Mantra seem to be the most active investors.  I am surprised as the U.S. seems asleep at the switch with many danger signs being alerted.

           The readers of my newsletter were notified back in October to build positions in the promising uranium mining sector especially domestic assets and specifically assets found in Wyoming.  Wyoming is a mining friendly jurisdiction and there are a lot of miners nearing production.

Some of the miners out of Wyoming nearing production have made huge percentage gains such as Uranerz (URZ), UR Energy (URG), Cameco (CCJ) and Uranium One (SXRZF.PK) as more mines are expected to receive permits to begin operation.   Stay Posted.

Grab your free 30 day trial to my premium service at http://goldstocktrades.com/premium-service-trial

By Jeb Handwerger

http://goldstocktrades.com

© 2010 Copyright Jeb Handwerger- All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in