• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Guest Post: Massacre In Uranium: When The Blood Is Running In The Streets, You Buy!

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Thu, 03/17/2011 - 09:09 | 1066121 The Profit Prophet
The Profit Prophet's picture

I`m hoping for the development of home nuclear reactor kits....this is definitely the time to go long uranium.

T.E.I.N. everyone.

Thu, 03/17/2011 - 09:11 | 1066143 Sudden Debt
Sudden Debt's picture

I don't think that's a good idea...




Thu, 03/17/2011 - 09:42 | 1066209 The Profit Prophet
The Profit Prophet's picture

No worries....it comes with a set of long glass tubes full of water that automatically detect when your home reactor fuel rods require cooling....and if you call within the next 30 minutes....they`ll send you an additional set of tubes at no extra cost (just pay separate shipping and handling).

Thu, 03/17/2011 - 09:13 | 1066152 oh_bama
oh_bama's picture

Hehe.. those stocks are cheap, but what kind of risk you are taking on?

Whenever I see institutionals want to dump things into retails using media I just feel sick. This is worse than the radiation in FUK-U-SHIMA.

Thu, 03/17/2011 - 09:29 | 1066223 max2205
max2205's picture

hold for 20 years, then when the aliens show up to help us use it your rich

Thu, 03/17/2011 - 09:47 | 1066295 oh_bama
oh_bama's picture

that is true, but some of those companies will go poopoo. hehe before aliens come..

And why wait 20 years? why not just follow the FED and just BTFD? Simple, right?



Thu, 03/17/2011 - 09:08 | 1066122 Hammer Time
Hammer Time's picture

remember peak oil end the wedge of hope...

Thu, 03/17/2011 - 09:12 | 1066134 Mercury
Mercury's picture

When the blood is running in the streets, we as contrarians buy, especially our convictions!

- or buy when the streets are glowing...

Not only will China not change their determination but sadly, I don't think Europe can.

What's a country like France going to do?...swap their 80% nuclear electricity generation for what?...coal? windmills? blue energy?

Between their welfare states, minimal defense spending and enviro-religion Western Europe has painted themselves into a corner energy-wise.  The can't abandon or even reduce nuclear.  No way.

Thu, 03/17/2011 - 09:14 | 1066151 Sudden Debt
Sudden Debt's picture

I seems if you put 50.000 hamsters in a tread wheel, they generate enough electricty to power a television.




Thu, 03/17/2011 - 09:20 | 1066187 Arttrader
Arttrader's picture

I'm with you.  Disclosure: Long hamsters.

Thu, 03/17/2011 - 09:35 | 1066245 Thomas
Thomas's picture


BTW-There are those who say that you buy when the blood in the streets has dried up, blown away, and been forgotten.

Thu, 03/17/2011 - 11:45 | 1066799 Stares straight...
Stares straight ahead's picture

Personally, I prefer the I.U.D. over the rhythm method.

Thu, 03/17/2011 - 10:23 | 1066444 MachoMan
MachoMan's picture

You and Richard Gere.

Thu, 03/17/2011 - 10:29 | 1066458 css1971
css1971's picture

The can't abandon or even reduce nuclear

No, but we put it all in France. 2 problems solved for the price of one.


Thu, 03/17/2011 - 09:11 | 1066135 I am a Man I am...
I am a Man I am Forty's picture

CCJ isn't even particularly cheap yet and it's been hammered the past week

Thu, 03/17/2011 - 09:10 | 1066138 MrVincent
MrVincent's picture

If we are to have electric cars and electric trains in this world, there are no alternatives. China knows this.

China may make statements that they are suspending new plants, but they will say this for political purposes. They will build more nuclear power plants than anyone. and when they are done, they will rule the world.

Electricty is the gasoline of the future, and uranium is the oil.



Thu, 03/17/2011 - 09:13 | 1066142 MiningJunkie
MiningJunkie's picture

Last time the "U-stocks" got smoked due to a shift in the political landscape, they stayed in the bin for six years. Good luck catching the machete...

Thu, 03/17/2011 - 09:13 | 1066144 franzpick
franzpick's picture

Where do I store the physical ?

Thu, 03/17/2011 - 09:31 | 1066225 dark pools of soros
dark pools of soros's picture

in a foreclosed swimming pool

Thu, 03/17/2011 - 10:34 | 1066482 TheDriver
TheDriver's picture

You may be interested in renting a storage unit at a place called Yucca Mountain. No one else is using it at the moment, so rent should be cheap.

Thu, 03/17/2011 - 09:12 | 1066146 Snidley Whipsnae
Snidley Whipsnae's picture

Give me infinite warp, Scottie!!!

Aye, buts shes not gonna take it, captain!

Use the duct tape!...the good stuff, not that crap from the flea market!

Aye captain!



Thu, 03/17/2011 - 09:15 | 1066164 Sudden Debt
Sudden Debt's picture




Thu, 03/17/2011 - 09:43 | 1066282 The Profit Prophet
The Profit Prophet's picture

And for God's sake man....don't forget to Duck & Cover!!!!!

Thu, 03/17/2011 - 14:27 | 1067535 Jack Sheet
Jack Sheet's picture

Pardon my asking, but is your interesting nom de plume an anagram?

Thu, 03/17/2011 - 14:30 | 1067542 Jack Sheet
Jack Sheet's picture

I mean S.W. of course

Thu, 03/17/2011 - 09:14 | 1066149 oh_bama
oh_bama's picture

Hehe.. they are cheap, but what kind of risk you are taking on?

Whenever I see institutional want to dump things into retails using media I just feel sick. This is worse than the radiation in FUK-U-SHIMA.

Thu, 03/17/2011 - 09:12 | 1066150 BrianOFlanagan
BrianOFlanagan's picture

there is no doubt that this decline is due to JPM in cahoots with the Fed manipulating the price.

I'm loading up on some Uranium Eagles to crush them.  

Uranium Bitchez?

Thu, 03/17/2011 - 09:15 | 1066157 Doode
Doode's picture

But do you still buy if the blood is radioactive? Lol

Thu, 03/17/2011 - 09:15 | 1066163 Azannoth
Azannoth's picture

I don't think we'hv hit the peak of this crisis yet

Thu, 03/17/2011 - 09:31 | 1066232 dark pools of soros
dark pools of soros's picture

have we hit peak peaks?

Thu, 03/17/2011 - 09:18 | 1066167 Sudden Debt
Sudden Debt's picture

Can you ask for delivery if you buy?


Do they mint them in 1 ounce coins?



Thu, 03/17/2011 - 09:21 | 1066188 Gene Parmesan
Gene Parmesan's picture

You can't eat uranium. But yellow cake...

Thu, 03/17/2011 - 09:38 | 1066257 Dangertime
Dangertime's picture

Let them eat yellow-cake.

Thu, 03/17/2011 - 09:18 | 1066173 justbuygold
justbuygold's picture

Some of the deep values from this selloff trade on the TSX ( Toronto) or TSX Venture.


Uranium Particiaption Fund ( U on TSX ) has a NAV with $60 spot Uranium of $9.45 and if spot uranium drops to $48 then is NAV is $9.05.  Trading at $6.35


LAramide  ( LAM on TSX)  Has royalties from 3 sources takes its NAV to $.8.50 yet it trading at $1.31


 Paladin  ( PDN on TSX)  has mostly long term contracts locked in and none with Japanese. Stock has sold way off . Conference call this morning indicated they will actually benefit from this.  Very cheap at $3.25

Hope that helps.




Thu, 03/17/2011 - 09:26 | 1066213 anvILL
anvILL's picture

Thanks for the help!

Thu, 03/17/2011 - 09:34 | 1066250 romanko
romanko's picture

let me add UNR (Uranium North Resources) on the venture exchange to that list.

in addition to their uranium, they're drilling to define a new high-grade gold/silver/copper district - at it's current price it's like getting that project for free

Thu, 03/17/2011 - 09:38 | 1066256 AGORACOM
AGORACOM's picture

JBG, thanks for sharing. We've got a pretty active Uranium Ideas HUB on AGORACOM that we set up just a few days ago, so I shared your post there as well http://bit.ly/ev5PX4

FIS.TSXV seems to be an idea that many in our HUB are liking at these levels.


Thu, 03/17/2011 - 10:23 | 1066433 oddjob
oddjob's picture

Agoracom is a rats nest.


No more than a bunch of maggotts pushing worthless stocks.

Thu, 03/17/2011 - 10:01 | 1066287 herewego...
herewego...'s picture

looks interesting. wish I didn't have all my money in gold and silver.

Thu, 03/17/2011 - 10:02 | 1066354 Grimbert
Grimbert's picture

What about an ETF like Global X Uranium ETF (URA)? It's falling like a stone at the moment.

Thu, 03/17/2011 - 14:31 | 1067551 Jack Sheet
Jack Sheet's picture

Right on, I'm holding U

Thu, 03/17/2011 - 15:47 | 1067959 malek
malek's picture

Take a look at Australia, for example ASX:ERA

Thu, 03/17/2011 - 09:20 | 1066183 MrMorden
MrMorden's picture

Doh, liquidate some of my SLW and buy some DNN, or sit tight?  So hard to decide... 

Thu, 03/17/2011 - 09:22 | 1066192 monopoly
monopoly's picture

I do have CCJ on watch. Not going with the spec companies. 0

Thu, 03/17/2011 - 09:22 | 1066196 spanish inquisition
spanish inquisition's picture

I am guessing the Chinese will have underground storage rather than the water tower above reactor method. You kind of hope that would be a lesson learned...

Thu, 03/17/2011 - 09:23 | 1066201 Cult_of_Reason
Cult_of_Reason's picture

CNBC (Wall Street bankster's propaganda machine) just announced that Operation Extension Cord will fix all reactor problems "within hours". Unbelievable.

Thu, 03/17/2011 - 10:32 | 1066471 css1971
css1971's picture

I believe!

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