Cameco Corp (NYSE: CCJ) - 500 Beiträge pro Seite

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[Sovereign]

Schade nur das Cameco nur 15 % des Umsatzes mit Gold macht (der Rest stammt aus dem Urangeschäft).
Insofern hat der Wert unter der Rubrik Goldaktien nichts verloren

[peter.wedemeier1]

Monday July 22, 10:42 am Eastern Time
Reuters Company News
Cameco takes step closer to $1 bln U.S. facility

(In U.S. dollars unless noted)

SASKATOON, Saskatchewan, July 22 (Reuters) - Cameco Corp. <CCO.TO, the world`s largest uranium producer, said on Monday it has signed an agreement taking it one step closer to constructing a $1.1 billion uranium enrichment facility with an industry consortium in the United States.



Cameco joins Urenco Ltd., Westinghouse Electric Co., and three U.S. utilities with nuclear plants: Exelon Generation Co., Entergy Louisiana Inc.(NYSE:LPL_pb - News), and Duke Energy (NYSEUK - News) subsidiary Clairborne Energy Services Inc. in the project plans.

Saskatoon-based Cameco said it will contribute $8.5 million over the next three years during the project`s licensing phase. The company said it will meet long-term financing obligations through debt financing and cash flow.

Cameco will hold an initial 20 percent stake in the project, which will increase to 25 percent after it is licensed by the U.S. Nuclear Regulatory Commission.

Discussions on the plant, which will use Urenco uranium enrichment technology, have already begun with U.S. regulators, Cameco said. The facility is expected to be in operation by 2007 or 2008, employing between 200 to 250.

No location has yet been selected.

Cameco said its involvement depends on several conditions including long-term contracts to support the project and financing.

"This proposal represents an excellent opportunity for Cameco, given that the United States is the world`s largest user of enrichment services and Cameco`s biggest customer base," said Cameco chief executive Bernard Michel.

"We would enhance our existing uranium and conversion business in the key U.S, nuclear fuel market, build our relationship with partners committed to the nuclear business and advance our company`s strategy to further integrate in the nuclear fuel cycle."

[peter.wedemeier1]

Long Position geschlossen.

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[peter.wedemeier1]

Long Position geschlossen.

peter.wedemeier1

[peter.wedemeier1]

Long Position eröffnet.

peter.wedemeier1

[peter.wedemeier1]

Cameco ist im Moment zu stark überverkauft!

peter.wedemeier1

[peter.wedemeier1]

[peter.wedemeier1]

COMMENTS FROM JIM SINCLAIR:

This is going to be the toughest call of this entire $300 - $330 sideways movement. The reason why is because, as we enter the $320 - $325 range, there is a knee-jerk reaction in the gold market. The gold market is so used to the arrival of JPM, Lehman, Goldman and Merrill as sellers pounding the market, that gold shares now almost automatically decelerate, as a knee-jerk reaction to gold being at the the $320 -$325 price. At this price, the gold shares` appreciation decelerates and actually stops dead in their tracks.

What the market has failed to realize is that these gold dealers, due to their own liquidity situations, are now no longer the big position takers in gold as they were before. All they have been doing lately is exercising clients` orders. The sellers of gold that have come into gold market at the $320 - $325 area have not been the gold cartel. They have been the local floor traders and speculator computer traders. Again, not the cartel. This is why we have had higher lows as we chop sideways.

I firmly believe the chances of taking out the $330 level to the upside before Christmas is real because the significant enemy of the gold price, the gold cartel, is out of business. They have had their trading capital called back to the parent holding company because of the effects of the credit downgrade on the parent holding companies. When the market wakes up that the enemy is no longer there, no event will be required to take gold above $330. It will simply go there.

Here is how we will determine if gold is going to break out above $330:

Have you wondered how I was able to determine the heads up and buy/sell points in this rally? Well, thanks to RGLD/GG and the use of proprietary measures in the duration period of the chart, the slow stochastic and Williams %R, I have when these leading (action-wise) gold shares entered an oversold condition, began to look for the buy and overbought for the sell. Now as gold approaches $330, if the gold shares (which historically know more about gold than gold does) are not into the overbought condition that have been so accurate, we will assume $330 is going to breach and NOT SELL our 1/3.

This means we are remaining disciplined, but being superbly focused. I will, as we near this situation, be doing daily technical reviews. I consider the market at this time more critically positive than ever before in this 11-month rally. The magnificently symmetric, three-year golden tea cup formation* would break to the upside out of the handle at a close above $330. This type of a formation, over this amount of time, is extremely rare and super bullish. I have in my 43 years never seen a technical formation of this kind for this long a duration with this type of symmetry. It is rare and important. This type of a formation will launch only one thing, a huge Bull market, if resolved to the upside. The probability of failure after gold breaks to the upside above $330 from this type of a formation is less than 10%. Those odds are outrageously good for the long.

We know the bull market in gold started 11 months ago, but history will record the breakout above the handle on the golden tea cup as "The Birth of the Gold Bull Market." This will occur because the amount of appreciation above the handle will be orders of magnitude compared to the 11-month appreciation we have already witnessed. Be assured that I am focused and will be keeping the Gold community as closely focused.

[juxifuxi]

Banane gegessen
Affen verpaßt.

[peter.wedemeier1]

"This article is the most important article written on gold derivatives ever.
It deserves front page on FSO and every gold site
in the free-of-spin news zone, the Net. Respectfully, Jim"


To my Friends, the Gold community:

This is the singular most informed article ever written about derivatives by a respected media publication. I respectfully and earnestly request that each member of this community do everything in their power to get this article on as many web sites & chat sites, to editors of major business publications and to investigative media. The author of this article has been clearly, correctly and professionally informed. We all want our major gold producers to survive this threat and not to be burdened by it.

I also respectfully suggest that you send this article to every gold and silver company you are invested in, trade in or simply follow. Both majors and juniors with new projects being developed by majors with a derivative book have a derivative problem. The recent BIS figures suggest strongly that some producers, now claiming to be non-hedgers, have just increased the size of their hedge books by buying more of this sewage paper -- but only in an offsetting specific performance obligations. They are, therefore, still exposed by the counterparty risk, but only in a greater way. These items must be expunged from their balance sheets for their own best interest. I have not asked much of my friends but for gold, for the gold industry, for me and for yourself please make a major effort to see this article gets the distribution is deserves.

Thank you.

[peter.wedemeier1]

Long Position geschlossen.