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« Saudi Arabia Fast-Tracks Nuclear Power | Main | SKOT Makes 49.40% in 7 Days Trading SPY Call Options »

Australian PM arrives, nuclear energy deal likely to be signed Friday

If deal goes through, it will enable Uranium sales by Australia to India

Australian Prime Minister arrived in New Delhi Thursday on a two-day visit during which both countries will look at ways to deepen strategic ties and strengthen bilateral trade and commerce.

The big-ticket item on the agenda, however, is the likely signing on September 5 of a long-pending civil nuclear agreement that will smooth the way for sales to India.

“I am hoping to sign a nuclear cooperation agreement, which will enable uranium sales by to India… We ought to be prepared to provide uranium to India under suitable safeguards,” Abbott told his country’s Parliament in Canberra, before leaving for India.

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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