New physical uranium fund with $100 million initial placement. Uranium prices look to have broken higher out of a wedge formation. Fred Hickey author of High Tech Strategist sees continued declines in Tech Sector stocks and the overall stockmarket. Why he is bullish on gold.
Billionaire hedge fund manager says the current asset bubble is more significant than any has seen and even bigger than anything he has ever studied. More positive nuclear energy news articles. The Iranians dumped 100 million barrels of oil on the market over the last three months. Has this contributed to the recent price weakness in oil?
The current financial system is built to work on low-interest rates and high liquidity. The exact opposite exists. Expect more banking system issues and further issues to manifest negatively as things break in the economy.
I review the Cameco first quarter 2023 earnings call. It was very positive and reaffirmed the continued upswing in the nuclear energy and uranium market.
I came upon a methodology conceived by analysts at Piper Standler to track the effect of interest rate increases on the economy. It will require additional research and refining of data sets but I think it will be helpful in the analysis of where we are in the economic cycle.
The China reopening might be struggling to gain momentum. Will this lead to less oil demand growth? India's oil demand continues to make new all-time highs.
I believe gold is in a new bull market. However, most people try and take advantage of it by buying junior gold mining stocks. This is a difficult way to make money and I explain why.
Several countries have applied for BRICs membership. International flights to and from China begin to resume. I still expect higher oil prices as we progress through 2023
Back in 2017, Janet Yellen said it was likely we would never have another banking crisis in our lifetime. The whole banking system is a confidence game and these people are just making it up as they go along. Believe them at your own risk.
Things are breaking due to rates being too high. In the past, every time we had a financial crisis the FED always went back to the playbook of papering over the problem. Are we closer to the end of the tightening cycle or the beginning? What asset classes benefit from a cycle of excess liquidity?
With the failure this week of Silicon Valley Bank I believe we are seeing the results of continuing liquidity tightening. If the FED continues raising rates and shrinking its balance sheet you will see more of this.
I had two tranches of coal producer Peabody Energy in the AIA portfolio. I discuss why I bought the shares and why I recently sold both positions for 400-600% gains.
More data sets are lining up to indicate that the economy is weakening and yet the market has been rallying. My view is the lag effects of the rapid rise in the FED funds rate still have not fully shown themselves in the economy.
I give my base case for the economy and what I am looking at for the rest of the year. I caveat this by reiterating that I am not an economist. I am looking at data points that in the past have led to certain outcomes. Notably a recession. However, keep in my mind that as new information comes in I may change my forecast and that forces me to change course with various investments. Again this is not investment advice.
Cameco reported the largest fuel deal ever signed by the company. The deal is with the Ukraine State Energy Company. Other discussion points This Week -Japan reaffirms extensions to nuclear plants and commitment to nuclear energy. -Shell's board being sued by climate activists -Duke Energy takes big impairment on sale of renewable business -Jet fuel demand soaring as China leaves pandemic -Investigative article on US complicity in Nordstream 2 sabotage...
In this week's video: -Yellowcake upsizes offering from $50 to $75 million -Sprott Junior Uranium ETF begins trading -How much spot uranium is really out there. One trader says if he tried to buy 1 million pounds it bump Uranium's price $5/lb -Uh oh. Cramer said to buy oil.
Lots of news this week: -KazAtomProm production downgraded by 4-5 million pounds in 2023 -Chile's copper production down for four years in a row. -Biden administration kills major copper mine in Minnesota -Chevron announces $75 billion stock buyback and increases dividend.
China set coal production records in 2022. The country will build 270 GW of New Coal Generation Capability by 2025. Why? They say because of energy security.
One of the main ideas at AIA for 2023 is the return to normal of the Chinese economy and how this will affect oil and other commodity prices. Traffic congestion and air travel are bouncing back quickly since the CCP lifted the lockdowns on Chinese citizens. Forecasts are for up to 103 million barrels per day of oil demand by Q2 of 2023. The question is can the world produce this amount of oil?
Although the price of uranium mining stocks did not perform well in 2022 as many uranium investors might have liked, the fundamentals in my opinion have never been better. I do not know if 2023 will be better, especially in the context of a general market bear market and tightening of liquidity. Nevertheless, I remain bullish and will add on dips.
As reported China is not wasting time and is re-opening its economy by ripping the band-aid off. There should be a lull as the virus sweeps through the population. However, experience in other countries tells us that when herd immunity is achieved we should see a rush of consumer spending as the population emerges from three years of lockdowns. This coincides with the PBOC now engaging in a new liquidity cycle which in the past has led to a rise in commodity prices.
This may or not be the last video for 2022. Merry Christmas! In this video, I talk about the stock of the year pick for 2023. The point of the SOY is blatant and unashamed clickbait for the channel and newsletter. The premise is to select a highly speculative stock that has catalysts that could lead to a doubling in the stock price over the next year. In the past, I did this and was successful for three or four years in a row.
The fundamentals in the oil market that were causing weakness in the oil market over the last six months now appear to be reversing and becoming tailwinds. -Chinese economy opening up from three years of zero Covid policy. This could result in 2-3 million barrels of demand. -SPR releases ending. Biden administration now announcing refills of SPR. 1 million barrels per day of supply off the market. -Russian supply was juiced due to get ahead of sanctions earlier this month. 500-800k of supply off...
People want answers and in this video, I give an update about how I see things in the short, medium, and long term.
The US just hit a record for overall petroleum exports (both crude oil and refined products). Much of this has come from the SPR releases and exports to the EU due to sanctions on Europe's main energy supplier Russia.
Oil prices got clobbered over the last couple of weeks. However, long-term fundamentals have not changed in my view. In this week's video, I try and explain what is happening in the oil markets. China re-opening, recession in the US and EU, Emerging market demand growth, etc...
I am no expert on crypto and have dabbled in it in the past. However, I was always aware of the bubblicous conditions surrounding it facilitated mainly by years of low-interest rates along with investor's insatiable desire to get rich quick. Oil got nuked this week. Is this the beginning of deflation?
With tier-one assets developed along with constraints on the industry with respect to supplies and manpower are we at the end of continuous growth of shale oil and gas? Follow me on Twitter: @JohnPolomny Follow me at my blog: www.actionableintelligencealert.com Interested in knowing how I translate the information in these videos into investment ideas? Consider a subscription to my paid newsletter “Actionable Intelligence Alert”. You can check it out by going to: https://prudentsquirrel.gumroad....
When Joe Biden was running for President he told us he was going to "end fossil fuels". Now that high oil prices and in particular gasoline and diesel prices are contributing to record inflation he is mad at them for doing what he told them to do. The lack of a coherent energy policy across not only the US but the entire west is opening up a host of opportunities for investors and speculators like us.
The world's largest chemical company, Germany-based BASF, is announcing permanent plant closures and restructuring of its facilities in Germany. I forecasted this would happen and it will continue all over the EU until the Europeans figure out how to replace cheap and plentiful Russian gas.
