munsterkings
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Posts posted by munsterkings
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Guangdong nuclear is planning to increase its power generation, so that its need for Uranium fuel will increase 10-fold
to 20 million pounds per annum in 2020. China can only supply about 10% of that
http://www.reuters.com/article/idUSTOE5BL03R20091222
China to launch 2-3 Westinghouse nuclear projects -media
Mon, Dec 21 2009
BEIJING, Dec 22 (Reuters) - China will start building another "two or three" third-generation Westinghouse nuclear reactors by the end of next year once they have been approved by the government, the China Daily newspaper said on Tuesday.
The newspaper, citing unnamed sources, said the AP1000 reactor projects would also be the first to be built in the country's interior provinces, with central China's Hubei, Hunan and Jiangxi likely candidates. All of China's existing reactors are located along the eastern coast.
China signed an agreement with Westinghouse Electric in 2006 to build four AP1000 reactors in the coastal provinces of Shandong and Zhejiang.
The U.S.-based company, owned by Toshiba Corp <6502.T>, won the projects after agreeing a technology transfer deal that would make the untested AP1000 technology the basis for China's own-brand third-generation reactor.
Two third-generation reactors, designed by France's Areva <CEPFI.PA>, are also being constructed in southeast China's Guangdong province. (Reporting by David Stanway; Editing by Chris Lewis)
© Thomson Reuters 2009. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and its logo are registered trademarks or trademarks of the Thomson Reuters group of companies around the world.
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Worth a watch.
GOLD: WHAT'S NEXT? - http://www.zerohedge.com/article/gold-whats-next-0
Worth a read.
Very interesting ; I really don't see gold going below $900 anymore (I was dreaming there for a while.....
), so I'll keep an eye on this level [$950-966].Just got this through my letterbox...... this is a first for me, and really confirms Golds future is mainstream... One decent correction in the gold price may be enough to shake this off.
MunsterK
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Interesting interview with Jim Rickards, touches on lots of issues.
Didn't think CNBC would have given him air time again after August......
http://www.cnbc.com/id/15840232?video=1216952516&play=1
SDR definition:
http://www.imf.org/external/np/exr/facts/sdr.htm
'The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. With a general SDR allocation taking effect on August 28 and a special allocation on September 9, 2009, the amount of SDRs will increase from SDR 21.4 billion to SDR 204.1 billion (currently equivalent to about $317 billion).'
MunsterK
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Be skeptical if you like, but check out my Dow highs thread and look at the levels of the markets against the dates of my posts. I have succesfully called most of the twists and turns of this bear market using EW. In fact i have taken enough out of the market since last summer to pay for nearly a whole year off travelling, which is what i shall be doing come May (and i am only a small time gambler).
I accept that applying EW to gold is much more difficult though and far less certain. The patterns are less clear than they are with major stock markets. I have commented on this a few times on GEI, but nevertheless, i still agree with other EW practitioners (Prechter, Neely etc) that gold will likely fall back. I am not as bearish as Neely's $500 call, but see Prechter's $600 region call as quite possible. There was a cluster of price action there (and potentially what EWavers call a 4th wave) which is often attractive to prices that are correcting. But, that isnt to say that i would sell any small holdings of physical gold or silver if i had any. It is good to have insurance and so i would keep onto it.
I'm going to make a point of learning as much as I can, from your calls by going back over those posts; thanks for this reminder. And enjoy your travels.
MunsterK
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I like http://futuresource.quote.com/ and find myself regularly checking http://www.cstrading.com/charts.htm to 'zoom back out' and understand long term trends.
MunsterK
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Below is from Peter Schiff/Euro Pacific newsletter - The Global Investor 13/3/08.
It appears he is now recommending Uranium One (UUU.TO) to his clients.
This is interesting. UUU has been on my watchlist . I'm a complete novice here so let me throw this out...... and see what people think.
It is definately trending , but I think the Directional Movement Index is giving a sell signal.
I'd welcome someone to challenge me on this.
At the start of July 2007[$31.50], these indices crossed over [ from buy to sell] and it's been falling since.
Until such time as the DMI+ rises above DMI- ; my inclination is to sit and wait.......
comments welcome - I'd prefer to make my mistakes here with you folks: It's a more cost effective way to learn
MunsterK
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Here you go, one on silver:
Why the silver price is set to soar
http://www.moneyweek.com/file/28810/why-th...et-to-soar.html
I do tend to agree in general, but the article was from last April, and we've moved since then
http://www.cstcharts.com/cgi-bin/chartge.pl?si.m
MunsterK
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I AM A "NOISE" TRADER
- harvesting those brief surges from results or aggressive promotion
I own over 30 miners and explorers.
Some are only small postions left over from water-testing exercises in new stocks over the last year
or two. I dont recommend so many, but I watch my portfolio carefullly, watch for signs of outperformance.
When one runs ahead of the pack, and then the voluem starts to slow, I will sell it. I then reinvest the
proceeds in more Juniors, or sometimes in Hk property.
Fortunately, I have had few big losers, and this form of trading, sell my winners, after their momentum
flags, has worked well for me over several years.
Very interesting. I'll take a look with this in mind. I have a lot of reading/internalising to do .....
thanks
MunsterK
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WHAT COULD ignite the Junior rally...
Greg Silberman - “Thirdly, whilst the index is at new highs, the gains have mostly come from large cap miners and has yet to filter down to the smaller caps. Most exploration and junior producers are still down in the dumps. POINT IS, THERE IS DEFINITELY STILL TIME TO CLIMB ONBOARD BUT THE SPECTACULAR GAINS WILL MOST LIKELY COME FROM THE JUNIORS WHERE VALUATIONS ARE STILL LOW. When the first announcement of a takeover hits the junior market it will be like a match to the flame as speculation over who will be next causes rapid upward revaluations – the good investor will be buying now in anticipation of this.” Kitco.com
/see: http://www.financialsense.com/fsu/editoria.../2008/0122.html
What's the thinking on how many juniors one should own to be diversified enough to take advantage of this scenario. I think this will happen and am happy to buy small positions on a number of these juniors [i've been researching several in preparation] I noted Rubino's comments on CWR that you need a basket of these ; 10 or more.
MunsterK
), so I'll keep an eye on this level [$950-966].
Uranium: Price is booming
in Energy: Oil, Coal, Uranium etc.
Posted
w.r.t the juniors; he argues well that the 80/20 rule doesn't go far enough. That 20 is more like 4%!; i.e. that 4% of the management teams are the ones that statistically will be the most successful. Also, there are over 4000 management teams in the junior space ; so at some stage we should see this thinning out.
Anyone who's got this sector in their sights needs to understand/own likely acquisition targets.
MunsterK