Dare or truth ??
Monday, February 28, 2011
Sunday, February 27, 2011
Thursday, February 24, 2011
Wednesday, February 23, 2011
PTM : Another perspective
Standing on teh base of a triangle Support at $4.73.
Will it give way ??
Prices below triple moving average band.
Will it give way ??
Prices below triple moving average band.
A look at Usdjpy in 30 mins
At 7:53am, I notice this set up.
First impression, a A-B-C correction upwards.
Support at roughly 82.40
Fought the aggressive impulse to jump into the trade.
Which my previous aggressive stance would have jump right in.
Waited for break out confirmation at 82.50.Which never came, becasue prices broke support and dive down instead.
Tuesday, February 22, 2011
Monday, February 21, 2011
Sunday, February 20, 2011
Why URANIUM will be Energy of Choice ?!
20 days = 20 years !!
Saturday, February 19, 2011
Friday, February 18, 2011
Thursday, February 17, 2011
WPL : Woodside Petroleum
Last 20 days daily range from 25c to 75c
Prices consolidated at the moment.
Pending break. Bias to the upside.
Wednesday, February 16, 2011
Size of economies from 1970 to 2050
So this review report from the Japanese academics for Japanese defense comes as no surprise.
But take a look at Australia. As forecasted will fall from 11th to 16th.
Germany falling as well from 2nd place to now 4th and inevitably 8th.
What's very glaringly interesting as far as rate of growth is concern is INDIA.
Rising from 11th to 3rd place.
India and Australia has fallen 2 notches each from 1970 - 2010.
However from here on out,
Australia falls to 16th
Whereas India is set to grow to 3rd place from 11th !
China will only grow in that period from 2nd to 1st.
Tuesday, February 15, 2011
RES : Resource Generation
RESOURCE GENERATION
Monthly chart looks interesting.
Long term consolidation.
Daily chart shows price at resistance
and 5 impulse waves.
Look for correction,
then possibly higher if resistance breaks (??)
But take note of high volume.
Speculative interest ??
Monthly chart looks interesting.
Long term consolidation.
Daily chart shows price at resistance
and 5 impulse waves.
Look for correction,
then possibly higher if resistance breaks (??)
But take note of high volume.
Speculative interest ??
The Uranium Journey
Uranium has gone through a journey. Like a bad boy turning good. He has to convince the authorities that he is a good boy and is under a good home or guardianship. He is challenged by the smarter and sexier green energy and the stable staple of fossil energies [Oil, Coal and natural gas]. But looks like the bad boy is given the second glance over just becasue he is fast, efficient and cheap and POWERFUL. So up and down may give way to more up than down. Given that the over the next 15 years, the number of Nuclear reactors Worldwide will double. Another 400+ to current 400.
I like Alliance Resources although a smaller and narrower play compared to UUU or AGS, just becasue of the chart. Looks like a big triangle triangulating off.
UUU when it dips.
ERA : looks like there is major support at this price.
I like Alliance Resources although a smaller and narrower play compared to UUU or AGS, just becasue of the chart. Looks like a big triangle triangulating off.
UUU when it dips.
ERA : looks like there is major support at this price.
How To play the Global Uranium story from Australia ?
For story read below
URANIUM ONE : Listed in Canada and Japan
ERA : Energy Resources : Listed in Australia
Alliance Resources : Listed in Australia
URANIUM ONE : Listed in Canada and Japan
ERA : Energy Resources : Listed in Australia
Alliance Resources : Listed in Australia
How to play the Global Uranium Story from Australia ?
As far as my research shows as far as listed companies are concern you can invest in
BHP - a diversified mining conglomerate
RIO - a diversified mining conglomerate
ERA - 68%owned by RIO
[Energy Resources of Australia Ltd is one of the largest uranium producers in
the world, providing around 10 per cent of global primary uranium production.
This is used to generate around one per cent of the world's electricity, with
minimal carbon emissions.]
Alliance Resources
[Alliance Resources Limited (ASX Code: AGS) is ASX listed resource company focused on the development and, ultimately, production from its joint venture interest in the Four Mile Uranium Project in South Australia, and in realising value from its extensive exploration interests.]
Uranium One : UUU
[Uranium One Inc. is a Canadian-based company and is one of the world’s largest publicly traded uranium producers with a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited (the Johannesburg stock exchange). The Company has a 70% interest in the Betpak Dala joint venture in Kazakhstan which owns the Akdala Uranium Mine and the South Inkai Uranium Mine. The Corporation also owns a 50% interest in the Karatau joint venture, which owns the Karatau Uranium Mine in Kazakhstan, and a 30% interest in the Kyzylkum joint venture, which owns the Kharasan Uranium Project in Kazakhstan. In the United States, the Corporation owns projects in the Powder River and Great Divide Basins in Wyoming. In Australia, the Corporation owns a 51% interest in the Honeymoon Uranium Project.]
As far as my research shows as far as listed companies are concern you can invest in
BHP - a diversified mining conglomerate
RIO - a diversified mining conglomerate
ERA - 68%owned by RIO
[Energy Resources of Australia Ltd is one of the largest uranium producers in
the world, providing around 10 per cent of global primary uranium production.
This is used to generate around one per cent of the world's electricity, with
minimal carbon emissions.]
Alliance Resources
[Alliance Resources Limited (ASX Code: AGS) is ASX listed resource company focused on the development and, ultimately, production from its joint venture interest in the Four Mile Uranium Project in South Australia, and in realising value from its extensive exploration interests.]
Uranium One : UUU
[Uranium One Inc. is a Canadian-based company and is one of the world’s largest publicly traded uranium producers with a primary listing on the Toronto Stock Exchange and a secondary listing on the JSE Limited (the Johannesburg stock exchange). The Company has a 70% interest in the Betpak Dala joint venture in Kazakhstan which owns the Akdala Uranium Mine and the South Inkai Uranium Mine. The Corporation also owns a 50% interest in the Karatau joint venture, which owns the Karatau Uranium Mine in Kazakhstan, and a 30% interest in the Kyzylkum joint venture, which owns the Kharasan Uranium Project in Kazakhstan. In the United States, the Corporation owns projects in the Powder River and Great Divide Basins in Wyoming. In Australia, the Corporation owns a 51% interest in the Honeymoon Uranium Project.]
Time Frame :
You will then have to decide are you a 20year Uranium investor ? A 2 year Uranium Investor or a 2 month Uranium Investor ??
Australia Uranium Mining
Australian Uranium Mining :
Only 3 Mines in Operation, but 2 more on its way.
Operating :
Olmpic Dam Mine : Listed : BHP
Ranger Uranium Mine : Listed ERA [68% owned by RIO]
Beverley Uranium Mine : Private : Heatgate resources.[Affiliated to Quasar resources]
Approved
Four Mile uranium mine : Quasar Resources & Alliance Resources
Honeymoon Uranium Mine : Listed : Uranium One
-----------------------------------------------------------------------------------------------------------------------------
STATISTICS :
Of the world's proven estimated uranium reserves (5,469,000 tonnes), 23% are held in Australia (1,243,000 tonnes), ahead of Kazakhstan (15% or 817,000 tonnes).[1] Other major world reserves are held in the Russian Federation, South Africa, Canada, USA, Brazil and Namibia (37% combined).
In terms of production, Canada is the largest supplier to export markets, followed by Kazakhstan and Australia.[2] Australia exported 50,235 tonnes of uranium oxide concentrate in the five years to 2008, worth a value of A$2.9 billion.[1]
At present day values, proven Australian reserves are valued at more than $300 billion. This will increase as uranium ore prices rise on increasing demand, with more countries turning to nuclear power generation as a means of dealing with global warming and declining stocks of fossil fuels, and as exploration discovers new reserves: 2009 ABARE forecasts predict a 38% increase in export volumes and an 86% increase in export revenues by 2014.[1]
Only 3 Mines in Operation, but 2 more on its way.
Operating :
Olmpic Dam Mine : Listed : BHP
Ranger Uranium Mine : Listed ERA [68% owned by RIO]
Beverley Uranium Mine : Private : Heatgate resources.[Affiliated to Quasar resources]
Approved
Four Mile uranium mine : Quasar Resources & Alliance Resources
Honeymoon Uranium Mine : Listed : Uranium One
-----------------------------------------------------------------------------------------------------------------------------
STATISTICS :
Of the world's proven estimated uranium reserves (5,469,000 tonnes), 23% are held in Australia (1,243,000 tonnes), ahead of Kazakhstan (15% or 817,000 tonnes).[1] Other major world reserves are held in the Russian Federation, South Africa, Canada, USA, Brazil and Namibia (37% combined).
In terms of production, Canada is the largest supplier to export markets, followed by Kazakhstan and Australia.[2] Australia exported 50,235 tonnes of uranium oxide concentrate in the five years to 2008, worth a value of A$2.9 billion.[1]
At present day values, proven Australian reserves are valued at more than $300 billion. This will increase as uranium ore prices rise on increasing demand, with more countries turning to nuclear power generation as a means of dealing with global warming and declining stocks of fossil fuels, and as exploration discovers new reserves: 2009 ABARE forecasts predict a 38% increase in export volumes and an 86% increase in export revenues by 2014.[1]
Nucear Demand by Countries and electricity production.
China now has 13 Nuclear reactors, she mines 1% of the total Uranium production.Her nuclear share of electricity production is 1.9%. In 15 years, she will have 187 nuclear reactors plus what she has now will bring it to 200 nuclear reactors. How many reactors then will China need for nuclear to have 100% share of electricity production ? 684. In 15 years time, China will have 200. Nuclear will have 30% share in electricity production from now which is about 2%[1.9%]. Ceteris paribus. Everything else being equal.
If what China mines goes into her own needs. She currently mines 1% of global production for 2% share of her own electricity production. She aims for 30%. To meet her own needs she will need to mine up to 15% of global production or meet that demand from other producing countries.
Or in other words. She now has 13 reactors. She aims for 200. About 15 times more. She only mines 1%, she will need to ramp it up by 15 times, her uranium production.
My take is this. China will be the Factory of the world for quite some time. And Australia besides Canada accounts for about 50% of production and still riched in uranium deposits will be the "raw material" of the world for quite some time.
Comparing Energy Costs of Nuclear, Coal, Gas, Wind and Solar
From this table we can deduce, nuclear power is the answer to our energy needs. Its cheap, its fast and efficient. For all the talk of renewable, clean or green energy or any other sexy terms you might want to call it, its still small and inefficient to cost and time. Coal and natural gas the incumbent is still in abundance, fast and less expensive than Green energies sources. The way things are going, nuclear will be the immediate answer to our needs.
Monday, February 14, 2011
COH : Cohlear. : Possible Correction : 15 mins chart
MONTHLY CHART
For perspective. Not trading.
Hourly Chart
Price Structure
15 Minutes Chart
Price Structure.
Prices have traced out 5 waves.
Basing on Elliot Theory
There should be a corrective 3 waves forming Wave 2.
Before advancing further.
Let Wave 2 play out its course before deciding.
15Minutes Stochs is O/B
For perspective. Not trading.
Hourly Chart
Price Structure
15 Minutes Chart
Price Structure.
Prices have traced out 5 waves.
Basing on Elliot Theory
There should be a corrective 3 waves forming Wave 2.
Before advancing further.
Let Wave 2 play out its course before deciding.
15Minutes Stochs is O/B
Sunday, February 13, 2011
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