Chris Martenson: Confidence in Many Complex Systems Collapsing
WallStForMainSt
Published on Jul 22, 2016

Jason Burack of Wall St for Main St interviewed returning guest, former corporate executive and phD scientist, Dr. Chris Martenson.

Chris co-created The Crash Course and Peak Prosperity website with Adam Taggart and they also co-authored their new book, Prosper!: How to Prepare for the Future and Create a World Worth Inheriting in November 2015.

Since he quit his corporate job over a decade ago, Chris has since become an expert on many topics.

During this 40+ minute interview, Jason and Chris have a wide ranging discussion on a number of topics including:

1) Why he thinks gold and gold stocks have rallied so strongly since December 2015?

2) Are mainstream money managers losing all remaining confidence in the Federal Reserve and other central banks?

3) Will the stock market crash if obvious daily stock market manipulations are occurring?

4) Why haven’t more shale oil companies gone bankrupt when the oil price went below $40/barrel WTI?

5) Will new technology from Silicon Valley be able to drastically reduce the usage of oil around the globe in only a decade?

6) Why isn’t there more clean water available?

7) Many experts cite the Simon–Ehrlich wager from 1980 to 1990 as justifying that over the long term all commodity prices have to fall. But, despite what economic textbooks say should be happening, things have drastically changed since China joined the WTO and commodity prices are nearly all in long term uptrends and the cost of production for many commodities rises 10% or more yearly. What type of real world limits are there preventing commodity prices from declining over the long term that maybe was not seen or not available when this bet was made?

https://www.youtube.com/watch?v=T17QGJfkjH0

Thanks Ex

I thought listeners/readers may like a little more Chris Martenson, and these were some pretty good interviews.

Thanks for the positive focus of the show this weekend!

I know of one listener who thinks Chris Martenson material is mostly doom-porn.

You think that’s investment information?

You think someone running a site called “Peak Prosperity” is doom porn? Please….

If you actually listened to the shows, there is quite a bit of investment information.

Just because you are almost the only person remaining who posts on this site anymore….don’t just assume I am addressing you. Maybe give your keyboard a rest. Its not necessary to respond to every post.

To answer your question, yes, Martenson is doom and gloom. His thesis revolves around a future of shortages where society as we know it cannot continue because the amount of extractable energy is insufficient for the existing global population. That means that agriculture as we know it cannot continue nor can most human endeavors. It also means the urbanization of mega cities will eventually come to an end. Why do you think he has staked out a couple hectares with bees, fishponds and farm for himself and his family. Chris believes what he is saying and I cannot entirely disagree.

But the philosophy is not tradeable information

I just thought I would point that out to you since that is the exact words you use on others when they veer off your little theme with talk of macro-economics, politics or religion (as three examples). So please stick to your script of investment-only data in the future or stop bothering others who post and color outside your teeny little mental boundaries.

The ironies around here are as thick as bricks.

I disagree Bird, after numerous conversations with Chris I find him to be much more of an agent for positive change than to be Mr. Doom.

I didn’t bother anyone by posting other shows from one of the special guests on the Weekend show. You clearly didn’t listen to any of the shows where Chris Martenson interviewed Grant Williams or Dave Pare – plenty of investing ideas, but you’d have to put a little effort in.

Have a great week sunshine 🙂

Just because Chris slaps a happy face on the side of his package and sounds positive does not make his message any less gloomy, Al…..The nuclear utility agencies used to do that too!

If I recall, Chris talks about the population hockey stick which as we all know is a technical pattern with only one eventual outcome. It must crash back to its mean and that, by definition, means that global populations will be substantially smaller some years in the future.

Not only that but they will be smaller due to an unknown trauma because such patterns don’t ever resolve by trading sideways. That means we will have a cataclysm of one kind or another.

Chris thinks it is energy (oil) related. Others think it will be the unleashing of a pandemic or possibly even a nuclear war that breaks down the supply chains. Whatever it is won’t be pretty so I agree with him that we need to take steps personally to prepare for the unthinkable.

Chris does that by being proactive in his personal life. He is talking and writing about it and how we can be prepared. And he does it in an upbeat way by sounding positive and encouraging people to take personal control. The essential message is still in the doom category though and not everyone agrees with his philosophy of a future dictated and determined by energy and food shortages.

You have mixed up the man with his message. But that’s show biz I suppose,

JHpace1:

There is a world of difference between a top and a correction. Who said anything about a top?

Hamilton made it perfectly clear that we are in a bull market. But there are corrections in a bull market and as he said, “speculators leave gold with a near-record futures selling overhang.”

JohnK : Your comment about raising margins is perfectly true and perfectly meaningless. The CME Group does indeed raise margins as they do anytime volatility rises. If you work out the numbers, you would realize the margin increases barely cover the volatility. I personally think the margins are always way too low, they should be higher. They encourage small investors to think that they have a chance against the better financed commercials. As a result, the small speculators almost always lose money.

All financial markets are manipulated. They always have been and they always will be. It’s not a big deal. If you want a totally free market, go to Zimbabwe. Everyone including GATA wants to manipulate the market. In the end they never really do. The Fed certainly has been behind the increase in prices of real estate and the general market but in the end they will blow up. Supply and demand really does work.

The speculators don’t necessarily make the market but if price of something goes up and speculator longs are going up, it’s the speculators moving the market. You can’t make anything go up by selling it.

It’s just my opinion but the jobs report on Friday was probably the external event that will be the straw that breaks the back of the speculator longs. Look how many people are bullish today and compare that to Dec-Jan of this year.

Here is a more recent video with Brent Cook. I mistakenly thought that was from this year’s Sprott conference and didn’t see it was 2015 not 2016. Sorry about that, but still he had good thoughts on Mirasol Resources.

Here’s an interview with Brent that is more recent to make up for that:

_________________________________________________________________________

Junior Mining Sector; Bull Market or Bear Market? – Brent Cook VIDEO Interview
Salina Esperanza
Published on Jul 12, 2016

https://www.youtube.com/watch?v=BifbrBoU-fQ

I had posted this sometime recently as well, but for those that may have missed it:

Interview with Brent Cook of Exploration Insights
– “Focus on Mid-tiers…Time to Focus on Juniors?”
Published on Jul 29, 2016

“In this interview, we follow up with Brent at the Sprott Natural Resource Symposium in Vancouver, and talk about developments in the mining sector since PDAC March 2016. We find out where to focus in the sector? Which countries to invest in? What has changed with the mid-tiers and is it time to now look at the junior space and much more.”

“Brent Cook brings more than 30 years of experience to his role as a geologist, consultant and investment adviser. His knowledge spans all areas of the mining business, from the conceptual stage through detailed technical and financial modeling related to mine development and production.”

https://www.youtube.com/watch?v=TxcgnARVRmI

Jim Rickards latest thoughts:
http://dailyreckoning.com/janet-yellen-21st-century-houdini/

“Everyone has jumped on the gold train”? Who? The average consumer out there knows nothing about precious metal stocks. They’re still buying Apple and real estate. Now, the people inside the circle of gold/silver bugs might be “all-in”, but that circle is very much smaller than 1% of the public. It is this small circle buying and selling precious metal miners. That money is limited, compared to the standard equities.

When Jim Cramer recommends on live TV to buy nothing but precious metal stocks, I’ll believe in a top.

When the wolf shows up at the door time and time again and nothing happens rookie traders which most are can’t get there head around that the economic system is very vulnerable. When the system cracks open it doesn’t matter what stocks you have the whole caboose is going under. Take profits when you have them or learn from the school of hard knocks. DT

Hi Mr. Moriarty:
I agree 100% with taking some money off the table.
In your recent article”Money always moves from weak hands to strong hands”,you stated that the banks don’t give a damn about the price of Gold and Silver,that it would be more advantageous for them to trade interest rate derivatives.
Also you stated that “Eventually some external event will take place that all the parrots will blame for the price of gold.”
I’ll be the first one to admit that I haven’t made it out of the shallow end of the pool,but here goes.
The jist I took from the article was that the Mining Companies and the Jewelry Manufacturers were both considered commercials and one offset the other,and you end up with a net neutral.
The speculators with their long positions drive the market.
I agree with all of this,but I believe there is more to the topping of the Comex,than just supply and demand.That is just to simple.
Is there not another part to the equation here?
Here is a quote from Federal Reserve.GovThe basis is “Relations of margin to volatility and to futures price for metal futures.
CME group tends to raise margin requirements as volatility increases beyond a certain threshold,however puzzling it does not lower margin requirements even when volatility drops below a certain negative threshold for all futures contracts.
If you look at a chart of margin,price and volatility,you will see that they all peaked together in 2011.
Many contend that the Comex is manipulated,wouldn’t regulated be a better term?
What am I missing here?

Hi Bob M. – Yes I enjoy reading Adam’s thoughts and that you regularly have his articles posted on 321.gold.

Yes, I posted the article specifically hoping that some investors may head his caution and the point you just made that “Gold’s record summer rally this year may have borrowed from its strong autumn gains, effectively pulling some of that autumn buying forward into summer. ”

I am a big believer in trimming as certain thresholds, and luckily in many stocks I am simply taking free rides at present, or have a cost basis so low that any fall pullback won’t break the bank. My issue isn’t taking profits, it has been taking profits a bit too early 🙂

Thanks for great perspectives – as per usual. Cheers!

Excelsior, can you share some your ideas about uranium sector to my earlier post?

Hi Dragonite – I just wrote you a Uranium response below.

EX good articles on autumn rally….thanks JTL

In terms of the gold associated stock sector, I Happen to agree.

Zeal report does state,Indian wedding season,after harvest ,Christmas buying season and Chinese new year is in front, ….so markets, may or should have some more upside….,”since seasonality that fuel gold’s demand”. ….”And gold is absolutely in a new bull market.”

When you run out of US Buyers, then you have the rest of the world…..CCF

Thanks OOTB. I remain open to the idea Adam Hamilton cautioned about though that the summer rally may have borrowed from some of the Autumn gains. The bull may cause stocks to keep climbing the wall of worry a bit longer, but then as Glenfidish mentioned at the beginning of the year, if the Summer is unseasonably strong then we’ll correct from a higher level in Autumn (typically a bullish period for PMs). It’s going to be a wacky year!

One more thought…this the First Autumn for the SGE..

This time is different 🙂

While on this train of though, for anyone interested in a room on Prospect Generator companies, I believe anyone can see these comments, but they may not be able to type unless they get invited in by the moderator.

Regardless, you can click on any of the blue $XXX company tickers and go into that specific company room. Hope it helps with investing ideas!

https://www.ceo.ca/~prospectgenerator

Thanks, Ex.

DFS – You’d enjoy some of PamplonaTrader’s comments. He seems to have a great handle on a number of the stocks we discuss regularly.

Thanks Ex.

ALX Uranium:

http://schrts.co/DKtCKS

I agree that the “call option” on a rising Uranium market should spike UEX corp, ALX, and a number of the micro-cap exploration plays in the Athabasca basin on a percentage basis. Like I said above….”I’m not going to fight the fascination with the Athabasca Basin.”

I’ve just followed this sector for a while and remember who the players were in the last Uranium cycle that topped out in 2011 with the Fukushima event, and then the downward slide in the entire commodity complex. Unlike the Gold or Silver or Oil / Nat Gas sectors, there are not many Uranium PRODUCERS, but the space is awash with 40-50 Explorers.

1) For the Producers there are 3 Majors:

(CCJ) Cameco, (ARVCF) Areva, and the private Russian conglomerate ARMZ (that bought out the Frank Giustra company Uranium One ). There are other contributors like the commodity conglomerate like Rio Tinto or National producers like Kazakhstan that also supply much of the market…….for now….. but investors can’t trade or get focused access to the Uranium story with those.

BTW – Kazakhstan supplied about 23% of the worlds Uranium last year, but they have major problems developing because they did it cheap and dirty, have depleted their reserves, and their production is expected to taper off over the next few years. The other issue is Russia’s interest in Kazakhstan, and the fact that the US imports such a huge amount of Uranium from Kazakhstan.

*I’d point KER readers to this Marin Katusa research article from last year where he lays out the information much better than I have time for here:
______________________________________________________________________________

The Future of Uranium: Three Major Takeaways from the 2015 World Nuclear Fuel Market Conference
– Marin Katusa – June 26, 2015

https://katusaresearch.com/future-of-uranium/

_____________________________________________________________________________

2) For the Mid-Tier Producers you have the gasping and wheezing (PALAF) Paladin Energy that is mostly into hard rock Uranium extraction, and the low prices have absolutely cleaned their clock. As mentioned above, “I am not sure if they are going to make it, go bankrupt, or get bought out…”

Next up there is (EGRAF) Energy Resources of Australia, which I don’t really like or recommend for various management & environmental concerns.

That investors with (UUUU) Energy Fuels, who is the clear leader in the US production, development, and exploration scene, and offers way more upside than Cameco or Areva, and way more stability that Paladin or Energy Resources of Australia. What I like is that they have 3 producing assets & the White Mesa Mill that they acquired from (DNN) when they pulled out of the US markets to go elephant hunting in the Athabasca Basin. 2 of these assets are the low cost “insitu” mines where they inject the fluids into the soil to dissolve and extract the Uranium, so it is much cheaper, less disruptive to the land, and much more environmentally friendly than the hard rock Uranium mines. The premier insitu mining company anywhere was (URZ) Uranerz, and (UUUU) Energy Fuels acquired them last year in a brilliant merger. Since that time they have also just acquired the private insitu producer Mestena Uranium in June. This gives (UUUU) a distinct advantage over Hard Rock only companies, and make no mistake about it, almost all the exploration frenzy in the Athabasca is hard rock…..but it is very high grade which makes it worth the candle. Those mines are just very expensive to build, have all kinds of permitting concerns, and they take a looong time to get going. Energy Fuels has acquired 2 other exploration companies in the US over the past few years that I held, along with many old Denison assets, so what most don’t realize is that (UUUU) has about 3-4 prior flagship hard rock assets under their umbrella for when prices do rise, and MOST IMPORTANTLY they have the mill to process the ore.

3) Finally we have have the Small Uranium Producers:

(URG) Ur-Energy – a very solid company, good results, good economics, off-take agreements in the $56-$58 area, and they will likely get acquired as the space further consolidates.

(PENMF) Peninsula Energy is an Aussie company that is ramping up production at it’s In-situ project in Wyoming, USA. They just started producing in March of this year, so they are the new kid on the block. They also have a large hardrock project in S. Africa that they want to build into a mine by 2019.

(UEC) – UEC corp has produced in small amounts and has an in-situ processing center, and about 6 satellite deposits that encircle it, so they are spending the downturn in U3O8 prices doing very little production, but have worked on permitting all those satellite deposits in a “Hub and Spoke” methodology. The permitting and exploration is what takes so long, but they have 3 permitted, and 4th that should be permitted soon. They’ll be able to jump back into solid production as soon as pricing warrants it, but they don’t have any long term contracts in place at present so they are more an optionality play at present.

I would add that UEC is one of Rick Rule, Marin Katusa, and Doug Casey’s favorite picks, and Amir Adnani is one of the best up and coming CEOs out there. He is also the CEO of Brazil Resources, for those that follow that company. Lastly, UEC is one of the most liquid Uranium stocks out there, so it has attracted big institutional buyers or juggernauts like George Soros, because they can move in and out of large blocks (unlike the more speculative exploration companies).

(URRE) Uranium Resources is a past producing company, that has been around for decades, but their share price has really been whacked the last few years, and they did a reverse split, sold off some non-core assets, and have tidied up their balance sheet. They bought the Turkish in-situ near-term production company Anatolia Energy last year, and will be moving it into production shortly. Again the low cost advantage to move into production quickly and efficiently, and the short lead times to get things going, is a HUGE advantage over the Hard Rock miners all over the planet (including the Athabasca).

(DNN) Denison is unique in that is has it’s fingers into many pies. It still get’s tolling royalty from Energy Fuels on the White Mesa mine, and has some royalties on a few of their projects, and it get tolling credits from the Mill in the Athabasca that it has partial ownership of, along with Cameco. As mentioned previously, it also has the environmental remediation division that brings in more revenues. They are exploring and have hit some high grade in Canada like everyone is, but the difference is that they can jump right into production using their mill and don’t have to build something out, and they have been producers in the past so they know and understand the whole process.

(BNNLF) Bannerman Resources in Australia is getting ready to go into production with their Namibian uranium project Etango, and that is an exciting story to follow and one of the most advanced projects in Australia.

(BOE.AX) Boss Resources is another Australian company that is a near-term Uranium Producer as they bought the Honeymoon Project from the old Uranium One portfolio and are rapidly moving it into development. It is definitely going to be a contributor to the global Uranium space.

(TOEYF) – Toro Energy is yet another Aussie development and near-term production story where they are taking their Wiluna Project into development and had a few hiccups on their resource, that have been resolved and improved but they are moving towards a production decision.

(GVXXF) GoviEx Uranium – They are an African Uranium player that have their mining permits granted in Niger & Zambia and also have properties in Mali. Some of these are the properties that Denison sold them and JV’d with them through their subsidiary Rockgate Capital on a share transaction and all of this just played out a few months ago. They are one of the most interesting African Uranium development stories out there, but with a partner with the experience of Denison, these will be moving forward to production in the foreseeable future.

______________________________________________________________________________

So now we see the dilemma…… How much more Uranium Exploration do we really need at this point?

Sure, the Athabasca basin is incredibly high-grade, but there are also terrible water problems with most of the deposits, and this has been a thorn in Cameco’s side the whole time they’ve been operating there, where they have to actually freeze the ground far in advance of even drilling or mining it.

As a result I can only believe that a few of the exploration plays that currently are so “hot” will stay that way longer term.

(NXGEF) Nexgen is the undisputed best exploration project in the Athabasca based on Grade, Economics, and no water issues. That is why they’ve grown so much this year in share price, got a bit frothy, and have actually pulled back nicely for those that don’t have exposure to it yet. They also just put out press releases in July with more off the charts drill results. It is one of the most significant mining discoveries of any type of commodity in Canada over the last year or so.

(FCUUF) Fission has also had many high-grade discoveries, and got the Athabasca super-charged after the success that Hawthor had before getting acquired. However, Fission has a lot of water challenges to deal with. I still believe they’ll get acquired, and Denison tried last year, but the deal fell through. They may try to put that deal back together again with different terms though.

(DNN) Denison – I’ve already covered all their advantages, but should mention, they’ve had some awesome exploration results in the Athabasca as well, along with all their JVs in the US, Africa, and Canada, and the mill w/ Cameco. They may not have the crazy returns of the other explorers, but they are far more solid and experience, and won’t just be flash in the pan either.

– BTW – Don’t forget that Denison also has JV projects with the Prospect Generator Eros Resources Corp (BPUZF). 🙂

(CVVUF) Canalaska has outperformed most of the Uranium Explorers because of their multiple exploration projects and great drilling results. As previously mentioned, they also have Diamond exposure now, and I could see that getting spun out separately. They operate on more of a Prospect Generator model, with lots of JVs going on, and are definitely one of the players and may get acquired down the road.

(UEXCF) UEX Corp is an established explorer in the Athabasca that I’ve been in and out of for years, but got re-positioned in 2016 because they have so many JV projects going on [especially with Areva]. Areva is a huge French player second only to Cameco, and they’ve been relatively quiet for the last 2 years. I could see them acquiring a few different explorers in the Athabasca and UEX Corp would be the obvious pick.

_____________________________________________________________________________

Again, for all the other Uranium 30-40 exploration companies, sure they may have short blips up or there may be a few more surprises, but the world doesn’t really need to find more Uranium, they just need higher prices to get all these projects moving again. A few may get acquired, but most will die on the vine when all the larger players put their assets back into production.

I hope people found this helpful, as my hands are hurting from typing.

Cheers!

Darn – I forgot to cover Western Uranium (WSTRF) in the article up above under development stage near-term producers. I’m pretty exhausted, so I’ll just let you hear their story from the CEO. He had a good interview on Palisade a few months back.

______________________________________________________________________________

George Glasier: Uranium Legend Talks Upcoming Uranium Boom and Best Way to Play
BY COLLIN KETTELL ON MAY 25, 2016 – Palisade Radio

http://palisaderadio.com/george-glasier-uranium-legend-talks-upcoming-uranium-boom-and-best-way-to-play/

Thanks for taking the time, Ex.

I am aware of Adnani and his very well-touted companies and believe that they are relatively over-owned at this point. So it’s not the quality of the assets that I am questioning (or endorsing) but rather the relative value and technical setup of each, at this time.

I believe that UEX is simply a better value than UEC right now and will, therefore, outperform it over the short to medium term. By the same token, I believe that JAG is a much better value than Brazil Resources resources right now. Katusa and Krew might disagree but one prominent billionaire has joined me in that view.

Speaking of Katusa, he appears to have a pretty grand opinion of himself these days.

Particularly cringeworthy and downright laughable is his claim that an interview he did was responsible for the big gains in the miners this year.

https://katusaresearch.com/early-risers-locked-in-117-gains-in-90-days-since-this-conference/

He’s a smart guy but there’s an obvious hole in his understanding of the way the market (and nature) works.

Btw, Cameco holds close to 20% of UEX.

https://www.uex-corporation.com/assets/pdf/Corporate-Presentation-August-4-2016.pdf

Matthew – Great thoughts as per usual!

I agree will all 3 points:

1) UEX Corp will likley outperform UEC corp on a percentage basis, based on the technical set ups, but longer term, I think investors may be surprised by the gains in UEC. I won’t be surprised to see it trading in the $10-$20 range in 2-3 years.

*As a shareholder of both companies, I’d like to encourage a little friendly competition in share price appreciation. 😉

2) I also believe Jaguar Mining (JAG) (JAGGF) is a better value proposition than Brazil Resources (BRIZF),and have been mentioning it over over a year one of the best turn around stories out there (like Aurcana and Nicola Mining). I owned Jaguar (JAG) at the peak of Gold mining boom from 2010-2012, so I’ve been watching their operations for a while now. I started acquiring shares gradually in it during late 2015 and then kept acquiring shares into early 2016, once they came out of credit protection with all their assets and then restructured.

3) Yes, I saw that Marin Katusa article you posted as well, and shook my head laughing when I read it. His self-acclaimed interview did not move global mining markets anywhere but in his own mind….. 🙂 He has grand opinion of his results and is a bit smarmy; but I’ll confess to reading his research and following his picks because he is quite sharp.

Anyway, I’m all for UEX Corp blasting to new heights. Bring it on!!!

Matthew – I’ve considered UEX a good takeover candidate for a while, but always assumed it would be Areva that would do it because of all their JV projects:

* Shea Creek – JV with AREVA, 50.9% owned by AREVA and 49.1% owned by UEX.
Hosts one of the largest undeveloped uranium resources in the Athabasca Basin
**In addition to the project at Shea Creek, the Western Athabasca Project consist of eight other project sites

*Black Lake Project – Joint venture with AREVA, 9.08% owned by AREVA and 90.92% owned by UEX as the project operator. Uracan has the option to earn up to 60% interest in the project by spending $10 million in exploration costs Located in the largely unexplored part of the Athabasca Basin.

* Riou Lake project 100% owned and operated by UEX Corporation (maybe they’ll JV that one out as well…..

* The latest project they brought on is their Christie Lake Project: Joint Venture with JCU (Canada) Exploration (JCU), 90% owned by JCU and 10% by UEX as the Project Operator. UEX has an option to earn up to 70% of the Project.

___________________________________________________________________________

Matthew: You raise an interesting point that Cameco Corporation owns 16.87% of UEX.

Maybe Cameco will buy out UEX and then just work those JVs with Areva, or buy back the interests in those projects.

Areva better get on the stick or it is going to be left behind…..

My mistake; I was thinking Cameco owned over 18%. I shouldn’t have said “almost 20%.”

I don’t think we will care which one takes them out if it does happen.

🙂 Agreed.

BTW – Matthew I just spent a little more time looking at the ALX Uranium chart you posted. Looks like it is ready to start taking the hike back up the mountain. Thanks!

Brazil Resources gives one the best of both worlds: PMs and uranium.

+235 (Uranium 235 is the fissionable material that can be used for nuclear power)

Katusa probably had more influence when he was working for Casey.
Simply because he reached more people then.

(AL) (ALXEF) – ALX Uranium Announces Exploration Plans for Perch Lake and Hook-Carter Property
Vancouver, B.C. (FSCwire) – 08/09/2016

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1196-tsx-venture/al/23255-alx-uranium-announces-exploration-plans-for-perch-lake-and-hook-carter-property.html

I’m getting more interested in ALX Uranium due to their strategic land positions near many other U3O8 hot spots.

https://www.alxuranium.com/assets/docs/presentations/alx-presentation-mar-2016.pdf

Thanks f of your opinions on all of these comp as nies, gentlemen.

Thanks Dragonite. Good luck with the new job and hopefully we’ll hear from you once in a while. All the best.

I will try.

Great reading guys! Thanks for the info Ex & Matthew.
A great synopsis of the entire sector.
My faith in Energy Fuels has been restored 🙂

Hi Tad – Energy Fuels will do just fine longer term and has become the largest US producer with a huge pipeline of projects. I believe UEC may outperform on a percentage basis though. I am also curious to see how things will develop for URG and WSTRF.

Then as Matthew mentioned some of the smaller exploration companies like UEX will outperform even more……as exploration and optionality plays often do….

Nobody knows when Uranium will start it’s move up, but it will be just like the PM move earlier this year, where people are surprised, then shocked, then in disbelief of the gains. Those that are not in position will miss the easy gains, but there is opportunity cost in missing other gains when at present the Uranium price and miners aren’t really doing much of anything.

Personally, I am swing trading the key companies I like in the US, Canada, Australia, and Africa where I’m trimming into strength and buying into weakness to keep a core position in each of them and to keep lowering my cost basis below where they are currently trading…..and waiting. I finally reduced down some of the positions earlier in the year though, as the action had clearly moved into the PM miners, and I wanted to get more active there. If it looks like the PM miners are in for a corrective period, then I may move some extra funds back over to Uranium group during that period hoping they’ll run counter-cyclical to each other.

I was in Uranz Energy Corp before it merged & changed its’ name to Energy Fuels (UUUU) in June of 2015. My 500 shares became 127, and I am still down 46%. So I watch Energy Fuels with a skeptical eye, and I do not trust any energy or uranium companies, nor have any similar stocks other than Duke Energy and ExxonMobil, which are similar long-term plays.

jhpace1 – I also owned a nice chunk of shares in Uranerz during the merger, but sold much of that position into one of the counter-trend rallies right afterward in June, on the news when they joined the Russell 3000 index. Since technically Uranium has stayed in its bear market, then it has been bad to just buy and hold (just like when the PMs were in a bear market the last 5 years).

I’ve only kept in place core positions in the companies, but have much lower cost basis amounts in the Uranium stocks they where they are trading today, through buying into weakness, and selling into strength repeately. Buying and holding is not the best proposition in a Bear market in any asset class, but I have no doubt that you’ll recover those losses over time. (UUUU) is a very well run company and represents much more upside potential than Duke or Exxon IMO. Energy is a very turbulent sector though, and not without risks.

May you do well with your investments.

As mentioned above regarding Denison:

Besides their exploration success, work on the PFS, the business combination in Africa with GoviEx Uranium, and the JV partnership with Skyharbor Resources at Moore Lake, they brought in real revenue through the mill. This is why I believe they are better positioned than just a typical explorer in the Athabasca, and why controlling part of the mill is so crucial.

(DNN) Earned $2.4 million in toll milling revenue during first half of 2016 from McClean Lake

The McClean Lake mill, in which Denison holds a 22.5% interest, packaged approximately 8.6 million pounds U3O8 during the first half of 2016, for the Cigar Lake Joint Venture (“CLJV”), generating toll milling revenues for Denison of $2.4 million. The Cigar Lake mine’s expected annual production for 2016 is 16 million pounds.
Received approval for annual production of up to 24 million pounds U3O8 per year at the McClean Lake mill

The Canadian Nuclear Safety Commission (“CNSC”) has authorized an increase to the annual rate of production at the McClean Lake mill, from 13 million pounds U3O8 to up to 24 million pounds U3O8 per year. The regulatory approval supports a progressive ramp-up of the mill in line with the Cigar Lake mine’s expected annual production of up to 18 million pounds U3O8 per year starting 2017.

^Rolls Eyes^

Thanks Canuckski. Glad to share.

NexGen Energy Ltd. – Scissor Hole AR-16-91c2 Returns 40.5 m at 12.69% U3O8 Including 25.0 m at 19.97% U3O8 and 1.5 m at 63.93% U3O8
VANCOUVER, Aug. 8, 2016

http://www.newswire.ca/news-releases/nexgen-energy-ltd—scissor-hole-ar-16-91c2-returns-405-m-at-1269-u3o8-including–250-m-at-1997-u3o8-and-15-m-at-6393-u3o8-589454591.html

On this issue I agree with you Professor.

“Something Wicked This Way Comes”

Probably have been, Robert.

What are your comments about many or all of the terroristic acts? My guess is that many of those individuals were created by others.

How do we put the toothpaste back in the tube, in your opinion?

You answered my question.

Al:

Really good question about putting the toothpaste back in the tube. I don’t think it can be done and taking all hope from people is a bad idea because dying starts looking like a good alternative.

Muslims all over to world are pissed and all of the refugees have an attitude. Yet no one is talking about how the refugees are created.

You and I talked about the police shooting people in the US and why it was a bad idea because while there are 1 million armed police there are hundreds of armed citizens. Blacks are being targeted and they are rightfully angry. But you can’t prevent an ambush on the police so the only way to stop it is for police to stop thinking they are 007.

I can’t find the quote but it was something like the policed killed more people in the US in the first half of July as the British police have killed in 40 years. The police in the US are out of control and that’s how revolutions start.

Yes it is how they start, Robert

Good point, Big Al – only Jesus (and His host) can bring resolution to the Middle East. And to the rest of the world.

Come quickly, Lord Jesus.

Interesting Christian movie out there that examines the Israeli actions.

I think that I know where it is going. Will watch it later today and report back.

I’about to live solely in California, instead of globe-trotting, so I will probably have more time. I don’t know. I have to build an art studio and do solar stuff first…….. I never seem to have spare time.

I appreciate your posts DFS. Keep em’ coming….

As we all do, Ex

Settling north of Winsor?

If you’ve never checked out Jim Rohn, he’s a staple of any good personal development collection along with Norman Vincent Peale, Zig Ziglar, Og Mandino, Napoleon Hill, Charlie Tremendous Jones, John Maxwell, Tony Robbins, etc….

* Tony Robbins actually went to work for Jim Rohn when he was 17 and attributes Jim for getting him on the path to reading books like Earl Nightingale and personal development. It is worth hearing the audio with Jim as his delivery style is fascinating:
_________________________________________________________________________

Jim Rohn – VIDEO clip

https://www.youtube.com/watch?v=oHfVNCgaLNI

Thanks I had not heard of Rohn. He is good.

Top 10 – Best Personal Development Advice | Jim Rohn

https://www.youtube.com/watch?v=HmHojdrCdLM

Thanks JohnK.

Absolutely correct, Ex!

Oh come on, you are “Perfect” at being Big Al! We wouldn’t have it any other way 🙂

Thanks Shad. Everyone needs a bit of encouragement now and then.

In some cases, Jerry

Great points, Profesor. Especially your comments about Eastern Europe. Dies make one stop and think.

I tend to agree, silver wont have much “barter” value should tshtf.
Gold might.
Cigarettes,alcohol,pot,canned food,toilet paper, things people need would have far more purchasing power than silver.
Older people might know what it is but young people? not a chance.

Bitcoins another one, I can just imagine someone aproaching a huterite for eggs, “excuse me sir, would you give me a dozen eggs for this..well, its on here, really it is.”

Best people can hope for, is not to get to this dreamed of point where silver is a currency.

Government taking it for taxes would create some value, but other than that?