Canadian Dollar, Uranium, and Energy Stocks

Source: Financial Post (4/9/08)

Uranium stocks are higher this morning on news that China is looking to spend $700 million to $1 billion on the purchase of uranium producer companies. China needs to lock in uranium production for its 30 nuclear power plants that are operating or currently being constructed.

The Canadian Dollar has a mixed technical profile. Intermediate trend is neutral. The Dollar is locked in a five month trading range between 97.03 and 102.99. Short term momentum indicators are neutral. Technical evidence for an intermediate move above or below this trading range is lacking.

Uranium stocks are higher this morning on news that China is looking to spend $700 million to $1 billion on the purchase of uranium producer companies. China needs to lock in uranium production for its 30 nuclear power plants that are operating or currently being constructed. Major Canadian uranium producers including Cameco, Denison Mines and Uranium One are leading the TSX Materials Index on the upside this morning.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."