I'm guessing that the subject of that well worn joke, Fukuhara was Japanese. Never was sure what nationality she was.
*looks up from drinking coffee* What happened? *doesn't care* *takes another sip* Silver is long term. The world might go mad in the meantime, but that doesn't mean it's going to be a bad investment. People have a tendancy to panic at times like this. By all means, sell if you're fickle. Plenty of buyers here on SS who are not!
I'm surprised by the panic on this forum. If anything these events should be supportive of long-term PM appreciation. You're all witnessing fear trading. If you're investing for the short-term only, then I might play it conservative, but if you're younger and investing for years off, today and likely the next few will present some great buying opportunities for PMs and high quality dividend paying stocks. Just my opinion.
Its fun to be scared.... ain't ya ever been on a rollercoaster? Some amazing stocks are dirt cheap, have a look at kingsgate (KCN), Paladin Energy (PDN) etc, Im not in a panic, I'm in a frenzy!
These kinds of situations are exactly why cash isn't trash and it always pays to have some on hand. I'm going shopping! C
Paladin Energy (PDN) is a good benchmark for a bottoming and turn around, its up 13% @10:30am, if it closes higher today thats a good sign (excluding a full meltdown in Japan we may be seeing a bottoming)
Uranium stocks down... 11 reactors down in Japan.... closures of reactors in Germany and possibly more... This energy shortage has to be filled by.... coal and gas. I think one can take advantage of this situation with other energy plays... even coal. Im in shale gas.
No I think Uranium will bounce back, gas might benefit, dunno about coal.... too hard to tell what will happen. Amazing that bonds in us went up... that tells me people are either ignorant of what QE1,2,3etc is, or there is some manipulation of the markets happening. Gold dropped thats NUTS!
Uranium will definitely recover but not for the next few years.... a lot of juniors will get slaughtered. Good buy now if u can hold for a year at least. USD is traditionally a safe haven when stuff like this happens. not too surprised... in fact i think US stands to benefit slightly from the stump in production by the Japanese. Gold dropped during the GFC as well. I think people sell to cash up or meet margin calls etc. Plus a lot of bargains at the moment as many took their money out and choose to wait till they get a clearer picture of what is happening in Japan. Yeah i don't see coal that attractive so i chose shale gas.
Im with you on the gas, however I genuinely believe that Uranium stocks like PEN (an exploration stock) will bounce back very quickly and represent a fantastic opportunity. The markets are already starting to recover and it has provided a buying opportunity for more well-heeled investors. Uranium/Nuclear development will continue into the future. I am amazed at how well Silver has held up, in light of recent gains. Silver stocks did also get slaughtered (particularly ARD- fantastic price at the moment btw) but CCU as an exampled is gaining momentum as I type this. It may take a week or two, but I believe that these stocks will perform pretty well short term. It really is a testament to the fundamentals in Silver, the volatility of stocks VS Physical and the general volatility of the market in todays world. Coal... Not sure about. Had a position in CCC and sold out a few weeks ago, glad I did. Crossing my fingers for some very special announcements over the next couple of days though Good luck all, especially the Japanese. All imo.
Remember China is still working hard to bring some 100 reactors online each reactor requires quite a lot of uranium to start up. Uranium supply/demand is still tight, there may be a lot of demonstrations by envirobots around the world but that will fall on def ears considering the energy demoands of larger population hubs. Alternative cant be brought online fast enough... uranium bull market will continue.
PEN up 40% this morning so far [still going at nearly half of what it was trading at before the nuclear incident tho]
The 3rd reactor has smoke pouring out and they have evacuated everyone from the site because it's to radioactive now. So i take it the Markets see this as positive news and an improvement on yesterday....... Oh well, at least we know once it's crashes and burns the next rally will start immediately. That's assuming we are all mutants by then?
The current rally is the usual dead cat bounce imo. You'll see it drop again before long. That's the real buying opportunity.
+ 3/4 I agree I think this is a classic dead cat bounce. You can see the lack of market confidence in the last 20 minutes today. But having said that - there are some bargains there already (ARD at 14.5cents for a known example for on here - there a few others IMHO). malachii
