Commodity Ratio Charts

Uranium Rips to a Breakout, But Ugly Candle in AM

If you're bullish on the markets and think everything is going harder, then uranium is only getting started. The base is only completeing now. Still, the stocks have shooting star candles this morning. If they look like this at the close, I expect a pullback is coming next week. There was a chance for breakouts back in June that gave way to substantial declines, more than 50 percent in some cases. I remain long-term bullish and have not sold any positions.

Uranium Retrace

A trip to around $15.30 is in the cards.

China Ban on Australian Coal Stressing Nuclear Plant

CBC: Chinese nuclear plant 'performance issue' reported by its French joint operator

The French joint operator of a Chinese nuclear plant near Hong Kong says the plant is dealing with a "performance issue" but is currently operating within safety limits, following a report of a potential radioactive leak.

The Taishan Nuclear Power Plant is jointly owned by China Guangdong Nuclear Power Group and French multinational electric utility Électricité de France, the main owner of Framatome, which helps operate the plant.

China's ban on Australian coal hit its coal plants, plus summer weather has reduced hydropower in the region. Everyone should be paying close attention here. This is what the future will look like all over the globe if politicians continue making political decisions in place of economic decisions when it comes to energy. The news clobbered uranium stocks across the board.

Chinese nuclear power awakens

核电苏醒。 In the wake of Fukushima, China slowed the approval process for nuclear power plants. The Nuclear Security Administration has hired about 1000 new personnel and the process is picking up again.

Development of new energy planning objectives previously disclosed in accordance with the National Energy Board, by 2015, the installed nuclear power capacity will reach 49 million kilowatts and 70 million -80 million kilowatts by 2020, by then nuclear power installed capacity will account for more than 5% of the total electricity installed.

Whether it is 4% or 5% of the total installed capacity of 1.6 billion kilowatts, according to the currently projected 2020 electricity, installed capacity of at least 64 million kilowatts -80 million kilowatts.

Herels an English summary of the story, but it's only a very brief summary, go to the link above and use GoogleTranslate if you want the full story: Nuclear Power Planning Reports Submitted to State Council

If you want to invest in this, Global X Uranium ETF (URA) is one way to play it.