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Friday
Oct122018

The S&P500 Fall and Its Effect On The Precious Metals Sector

Just for those interested in the S&P500 and its relationship to the precious metals sector.

 

Preamble

Market sectors are interlinked and what boosts one particular sector can put downward pressure on other sectors. We have seen the recent action by the Fed in raising rates and the boosting effect that they have on the US Dollar. A strengthening dollar has an inverse effect on gold and silver and the associated precious metals producers and so gold bugs have suffered accordingly.

The action in the financial markets of the last few days has seen a correction from historic highs as investors decided to take profits and place their investment funds elsewhere. During Thursday’s trading session on the NYSE the DOW Jones was down 545 points, following an earlier fall of some 800 points. The S&P500 also fell in a similar fashion and both indices closed below their respective 200day moving averages.

It should also be noted that the dollar also lost ground despite the recent rate hikes and the stated intention of the Fed to continue with the policy of rate ‘normalization.’ Both of these factors helped gold and silver prices to recover and this in turn saw investors taking a tad more interest in the associated mining companies. The biggest gold producer on the planet, Barrick Gold Corp (ABX) gained 9.39% in Thursdays trading session. In stock market parlance it is unusual for an elephant to sprint but on this occasion, Barrick proved to be the exception to the rule.

The Chart of the S&P500

 

 

The above chart of the SPX clearly depicts.......

MORE....

 

Last week was a really interesting week for gold - was it a minor jump or the start of a new rally?

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Monday
Sep242018

Saudi Arabia to unlock region’s nuclear energy potential

Saudi Arabia’s atomic energy programme is fundamental for developing a sustainable energy sector, energy minister Khalid Al-Falih told the 62ndGeneral Conference of International Atomic Energy Agency (IAEA) in Vienna.

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Wednesday
Aug292018

Nuclear power plant of the future?

Despite a spate of headlines to the contrary, the Russian behemoth currently tied to a dock in Murmansk is not the world’s first floating nuclear power plant. That honor went to the MH-1A Sturgis, built by the US Army and towed to the Panama Canal Zone more than 50 years ago to be used as a portable electricity supply. It is currently being dismantled in Galveston, Texas, a four-year job that is nearly done.

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Tuesday
Aug282018

Nuclear Power - The Global Market is Forecast to Exceed $245 Billion by 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Aug 28, 2018--The "Nuclear Power - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the market accounted for $100.11 billion in 2017 and is expected to reach $245.88 billion by 2026 growing at a CAGR of 10.4%.

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Monday
Aug202018

Are Environmentalist Stunts Obfuscating A Serious Nuclear Debate?


The Greenpeace activists who crashed a Superman-styled drone into an EDF facility near Lyon, France on July 3 pulled off the latest of several stunts designed to highlight the vulnerability of France’s ageing nuclear reactors. In a country whose energy mix is built on nuclear power, the strategy is working: the Superman incident came just before a French parliamentary report called out security “failings” at some facilities. Revelations of faulty welding at the new Flamanville reactor have since added yet more fuel to the fire.

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Tuesday
Jul242018

Nuclear power looks to shrink its way to success

New mini reactor designs offer lower cost and risk than conventional technology

Everything about nuclear energy seems terrifically big: the cost, construction and decommissioning — and the fears of something going badly wrong. The future, however, may well be much smaller. Dozens of companies are working on a new generation of reactors that, they promise, can deliver nuclear power at lower cost and reduced risk.

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Thursday
Jul192018

Weekend Report- Pay Attention Moment- Time to wake up from your Summer Slumber

The Great Yellow Hope- Uranium

This is about the only sector I still feel good about as it remains undervalued, oversold and in an uptrend.  It is still coming off of its bottom, but positive fundamentals are fast catching up with this group.  

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Wednesday
Jul182018

Why Nuclear Energy Is Critical For Russia

As the world’s largest natural gas and oil producer and exporter, Russia plays an important role in setting the global geopolitical agenda. The recent agreement with OPEC is evidence of Moscow’s ability to set prices. However, in another field of energy production Russia captures an even more dominant position: nuclear technology.

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Tuesday
Jun262018

Dr. Spencer on a rising uranium market?

June 26, 2018 – “The uptick has been in the last couple of weeks. There is a certain excitement in the market. It started late last year with Cameco and the Kazaks taking almost 15% of world production off the market. Since then there have been a couple of other transactions that have taken about 30% of uranium supply off the market. The market is just starting to react. For the first time we are starting to see an uptick in the uranium price that I think is going to be sustainable.” States Dr. Richard Spencer, CEO, President and Director of U3O8 Corp. (TSX: UWE | OTCQB: UWEFF), in an interview with InvestorIntel Corp. CEO Tracy Weslosky.

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Tuesday
Jun262018

Rediscovering the promise of nuclear power

ENGLAND – At the 2015 U.N. Climate Change Conference in Paris, world leaders at last seemed to recognize the reality of climate change. But the response they are pursuing is fundamentally flawed, given its dependence on “renewable energy sources” — such as solar, hydro and wind power, as well as biofuels — that actually damage nature. Ironically, the world’s best bet to achieve the Paris agreement’s goals is to rely on an energy source that is often demonized: nuclear power.

Water, wind and solar power cannot reliably provide energy on the scale required for a modern economy.

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