Legendary Hedge Fund Manager & Billionaire @Citadel Ken Griffin Speaking in Singapore:
"China is one of the few making a huge investment in nuclear. We desperately need nuclear in the West, we need a way to have baseload power that is cost effective & clean"
#nuclear#uranium
To summarize, #uranium today's the same price as 11 yrs ago when market cap per lb of resources for uranium producers/near producers was 20% higher. Today we have a carbon revolution, massive U3O8 production deficits, soaring electricity needs and trade sanctions. Boom. $EU
As we see the price moving over $60/lb my gut says we are on the verge of an explosive run like we saw in the 2006-2007 run up $150/lb but as I’ve said I think we can see $200/lb this cycle because of the huge shortage of credible suppliers in the market that can contract 10 yr
Gold, silver & the miners are all completing pullbacks here.We should see very strong reversals in coming days as they are all poised for much higher levels.Current targets are gold $2500, silver $50, GDX $60, GDXJ $100, SIL $75 & SILJ $35.I will be raising all of these targets.
Just accumulated $ABRA.V @AbraSilver, 20.000 shares doubling my position.
Juniors like Abra strongly outperform #silver, and being that flat with #metals ready to explode is a huge arbitrage entry.
Last time silver was at $26, abra was 43% higher......
There’s a huge arbitrage opportunity between #gold & #silver prices and their junior miners, and the sentiment is still totally FLAT...
It won’t last long
Remember every $10 increase in #oil prices means a 0.3% deceleration of US gdp.
How could the #FED rise interest rates next week, causing a recession?
Buy more #gold........ and #silver.......