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The uranium industry is hoping to make trial shipments to India next year as the nation makes plans to move to 25 per cent nuclear power by 2050.
Prime Minister Tony Abbott and Indian leader Narendra Modi have discussed the supply of Australian uranium for India's nuclear power plants.
(Cayman Islands) - Kitco News speaks with the CEO of Uranium Energy Corporation Amir Adnani about why he thinks uranium is the commodity to watch. Uranium has had the largest weekly increase since 1996 and is currently trading at its highest level in 18 months, around $42 per pound.
H.C. Wainwright analyst Jeffrey Wright thinks uranium spot prices could rise above $50 per lb in the next twelve months. The reported noted a positive decision regarding the restart of two Japanese nuclear reactors, which could alleviate psychological pressures on the uranium market.
"Since falling below $40 per lb in 2013, spot prices have been unable to breach the $40 per lb mark until now. The recent recovery in spot prices from a little above $28 per lb earlier this year to more than $40 per lb,
This is just a quick note to let you know that today we closed another short trade on GDXJ generating a profit of 35.26%.
This is the third time that we have successfully shorted GDXJ since the inception of this premium trading service, our trading record will be updated as soon as we can get to it.
Local governor gives final approval to restart two reactors at Sendai under new safety rules despite residents’ concerns
A local governor in Japan has given final approval to restart a nuclear power plant in southern Japan, the first to resume operations in the country under new safety rules imposed after the 2011 Fukushima Dai-ichi meltdowns caused by an earthquake and tsunami.
Chart courtesy of u308.biz
During the quarter, the company captured 131,331 pounds of U3O8, with 125,915 pounds of that amount being packaged in drums. Ur-Energy was able to sell 100,000 pounds to generate revenue of $6 million
To say that the last month as been turbulent in markets would be a drastic understatement. We saw the biggest intraday range in US bond yields in 16 years, equities nosedive then whipsaw right back to new highs, VIX hit the highest levels since 2011 whilst gold, silver and oil hit multi year lows. With such volatility around the theme of uncertainty is rife across financial markets, therefore it is important to reassess ones views of the market and properly understand the underlying drivers of market action.
The Importance of Central Banks
The most powerful force in financial markets is global central banks and the monetary policy they follow. Mayer Amschel Rothschild, founder of the House of Rothschild, famously said; “Give me control of a nation’s money supply, and I care not who makes it’s laws", and since the global financial crisis central banks have been more active and more critical to market direction that ever before. Therefore any macro view on global markets must start with an opinion on what path central banks are taking and how they may react to potential upcoming scenarios.
The Fed, ECB, BoE and BoJ are the titans of this world. Before we discuss their individual positions there is an overriding theme that is vital to understand first. Globalization in the later part of the 20th Century connected the global economy like never before. Therefore the trajectory of all economies are much more highly correlated,
Hi Jim. You have recently published Currency Wars and now The Death of Money. Are you expecting a global collapse of every currency? And if so, a collapse relative to what?
I expect a collapse in the value of currencies relative to real goods, real assets and real services. This will happen to all currencies, not just the dollar. I don’t expect a word where people lose confidence in the dollar and the euro does really well. On a relative basis,