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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (152807)	6/15/2011 9:52:26 PM
From: tom pope	Read Replies (3) \| Respond to of 206085

Interesting. I moved from 40% cash to 20% cash today.

To: Jacob Snyder who wrote (152807)	6/16/2011 4:26:46 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) \| Respond to of 206085

China has declared all its active nuclear reactors safe in inspections triggered by Japan's nuclear crisis and is proceeding with plans to build new ones... China's Vice Environment Minister Li Ganjie said in a statement dated Tuesday that officials had determined that all 13 of China's operating nuclear reactors were safe, and that inspections of the 27 still under construction are expected to be finished by October. It is the clearest indication yet that China will increasingly rely on nuclear power to fuel its economy... China's plans to increase installed nuclear-production capacity to 86 gigawatts by 2020 from about 10.8 gigawatts today... Reprocessing of spent fuel is expensive, but Chinese officials have promoted it because it would provide a steady fuel supply. China mines very little of its own uranium—the primary fuel in nuclear power—and reliable access to resources is a major concern... online.wsj.com Another ugly energy chart: Since the huge gap-down in March, the stock has set a series of lower lows and lower highs. The 10wma (or 50dma) is now a resistance line. Disclosure: No position in nuclear. I expect the stock to trough (and I will consider buying CCJ) at prices somewhere between the 2010 low ($21), and the 2008 low ($12).