By: Sol Palha, Tactical Investor
When I was a boy I used to do what my father wanted. Now I have to do what my boy wants. My problem is: When am I going to do what I want?
We have spoken several times in regards to this issue over the course of the last few years. China has already lead the assault on a covert basis but soon they will move to an overt basis and now India will be forced to join them not because they think they might have to but because they desperately need too. The excerpt below will explain our point quite clearly.
Faced with an acute shortage of uranium to run existing power stations, the Nuclear Power Corporation of India Ltd has advanced its maintenance schedule and started shutting down individual power units. Usually, these units are shut down in a staggered manner but this time they have been bunched together so that authorities get time to arrange for uranium supplies.
Over the past few weeks, as many as five units amounting to 1000 MW of the total 4000 MW were shut down on account of upkeep of plants: two units from Tarapur (Maharashtra) and one each from Kaiga (Karnataka), Kalpakkam (Tamil Nadu) and Kakrapar (Gujarat).
Already, most of the plants that were running at 90-95 per cent capacity until last year are now down to 50-70 per cent reflecting the serious uranium crisis facing the country.
Acknowledging that there is a fuel supply "mismatch" due to further delays in the commissioning of the milling system in Jharkhand mines, one of the main sources of domestic fuel supply, authorities are having to innovate on their maintenance schedule. Hoping that the fuel situation may ease a bit in the next month or so, sources said, the NPCIL felt that this period could be used for maintenance which anyhow requires shutting down a reactor for about 20 days. Full Story
Known Recoverable Resources of Uranium
Now just imagine a country such as
We are at the beginning stages of a massive bidding war in Uranium.
"This new agreement will allow the supply of Australian uranium for use in
"I simply don't understand what people are talking about," Putin said, pointing out that
Purely economic reasons and why not; Putin is a smart man he knows that in the future nations will be desperately begging for this valuable commodity and he also knows that he who controls the keys to the energy market controls the world. One other thing to note here is that
Bottom line is the Uranium bull is one that is going to be driven by the two most powerful forces in the universe and such a development is very rare and provides the astute investor with a window of opportunity that usually presents itself only once in a persons life time. The two forces are fear and greed; usually one of them is enough to produce massive moves but in the near future both of them will be working in unison instead of against each other. This is one of the main reasons why itís almost impossible to predict how high uranium prices could eventually trade at. Right now the uranium sector has been beaten down and many individuals have given up on this sector as some stocks have truly taken a massive beating. Remember at TI we view disaster as opportunity waiting to be discovered and thus our advice to all our subscribers is to make sure you hold positions in all the various uranium plays that are listed in our portfolios and hold them through thick and thin or until we advise you to unload them. Those that do so will be handsomely rewarded and those that donít well in the years to come they will most likely shed tears of blood as they wonder what possessed them to let such a wonderful opportunity pass them by. Do not let this opportunity slip by you.
Futures players with deep pockets could start examining the possibility of going long Uranium futures; do so with the mindset that the next leg up will not begin tomorrow.
Who then is free? The wise man who can govern himself.
Horace BC 65-8, Italian Poet
-- Posted Wednesday, November 14 2007 | Digg This Article | Discuss This Article - Comments:
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