The title of this post arguably applies to innumerable things, however today it’s about nuclear energy.
Reported by Epoch Times:
Japan’s government on Feb. 10 adopted a policy seeking to maximize the use of nuclear power in a bid to stabilize the country’s energy supply amid soaring energy costs fueled by the prolonged war in Ukraine.
The new policy marks a major turnaround from Japan’s previous policy of reducing its reliance on nuclear energy and shutting down most of its nuclear reactors in the aftermath of the 2011 Fukushima disaster.
Under the new policy, the government will set up a final disposal site for the proper disposal of radioactive waste generated during nuclear energy production. It also calls for the development of advanced reactors.
In addition, it will allow extending the lifespans of nuclear reactors beyond the current maximum of 60 years and replacing aging nuclear reactors with new ones to ensure a stable power supply.
Doomberg reports:
With near-unanimous bipartisan support and backed by the full weight of the Presidency, surely this was a done deal, right? Wrong. In his efforts to postpone the catastrophe that would undoubtedly result from the premature closure of Diablo Canyon, Newsom underestimated the response from the most violently anti-nuclear organization in the country. We turn to Power Magazine for the all-too-predictable details:
“The U.S. Nuclear Regulatory Commission (NRC) has denied a request from California utility Pacific Gas & Electric (PG&E) to renew a review of an operating license application for the Diablo Canyon nuclear plant. The move at least temporarily puts on hold plans to extend the operation of two reactors at Diablo Canyon, the last operating nuclear power facility in the state.
1. Crypto
ApeCoin max gain +49% during 5 weeks since called, +61% if staked
MARA max +134% in same 5 weeks
As noted two weeks ago, MARA position had been trimmed to 1/4 its original dollar value. It’s down over 20% since that post.
ApeCoin remains intact and staked, withdrawing staking rewards to cash until I measure its technicals as being bullish again.
I noted a few weeks ago: “a consolidation, or worse, is due across crypto.”
ApeCoin topped within hours of that, down 25% since, with cryptos overall down 15%
2. Tech
FNGU +134% at high since called 5 weeks ago.
I noted my FNGU holding has been sold down to 1/2 its original dollar value, leaving me with a very fat profit in hand and an effective cost base of less than $zero.
It topped hours later and is down nearly 18% since.
Tech stocks have lower to go. Tesla remains a good short.
3. Cannabis
MSOX, slow l/t accumulation only
There’s not yet a bullish signal on cannabis, but it’s getting closer.
When a sector is so beaten down and with so many having abandoned it in financial wreckage and frustration, the upside is exceptional and often exponential.
Political winds slowly blowing in a favorable direction. Patience, process, and prudence paramount.
4. Gold
Noted a few weeks ago:
Sentiment in precious metals remains frothy, so expect a pullback across the sector soon. In case of consolidation or significant selling, I won’t add to positions until the scores reset then turn bullish again. Could take weeks or months. That discipline alone prevents the vast majority of mistakes made in markets at every level of participation.
Still true, and gold’s down nearly 5% since.
Still holding GROY and others mentioned. Consider hedging awhile if overexposed to precious metals.
5. Financial
PYPL was entered at $80 weeks ago and closed last at $80.38
It’s barely budged higher this year revealing remarkable relative weakness.
I’ll close this position if it falls back to my break-even, expecting to repurchase at a lower price and better setup.
6. Uranium
It’s arguably crazy not to be in uranium.
No change from previous notes.
7. Seven Sentries: Hedge, or no hedge?
i16/21, m7/21
No adding insurance or shorts.
These scores suggest safe conditions, though still within a bear market rally.
I’m not too bothered to hedge since most positions are either in resources I’ve full faith in long term (gold, silver, uranium, natural gas), effectively free of cost with decent profits booked (FNGU, MARA), shorts (Tesla), or paying me plenty to hold…
8. Dividends (and oil)
DVN slow accumulation, not yet ideal entry point for full positions
Oil on cusp of a major bull signal, but even when triggered it could be the case that related equities won’t immediately correlate.
Setup’s looking good though, across the energy sector.
For some Europeans, the U.S. bombing the Nord Stream pipeline was not enough grave risk and damage done.
A group of investors representing over $1.5 trillion in assets under management sent demand letters on Feb. 7 to five of Europe’s biggest banks, calling on them to stop financing fossil fuel firms by the end of 2023.
MO slow accumulation, not yet an ideal entry point for full positions.
QRTEP is the ticker for Qurate’s 8% preferred shares. QRTEP’s dividend is now 15%, and it’s still at a good entry point for full long term positions.
9. Battery Metals
I promised to publish a battery metals idea last weekend, but am still waiting on more data and better timing.
High odds my top pick will be Talga Resources, which I’ve owned and been accumulating the past 18 months with an average cost of $1.14 USD
This report makes the case, however the timing signal to buy/add is not yet in effect:
https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/2023/01/14125115/120822EH.pdf