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John Polomny
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John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
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  • Palladium Trading At Highest Level Since 2011

    (click to enlarge)

    Palladium continues to move higher as the miner strike in SA continues. The metal is looking more and more bullish and appears to have broken out on the weekly chart. From everything I am reading regarding the strike, it appears that even when a settlement is reached the mining companies are going to use the excuse of higher labor costs as a reason to begin shutting down high cost operations and money losing shafts. This will further constrain the supply of pgms and should help to further increase the price.

    Disclosure: I am long SAPLF.

    Tags: SAPLF, Palladium
    Apr 12 11:08 AM | Link | Comment!
  • Japan Reverses Policy On Nuclear Power

    Bangkok Post:

    The government of Prime Minister Shinzo Abe decided on a national energy policy Friday that supports the use of nuclear power now and in the future, retracting a nuclear phase-out goal introduced by its predecessor after the 2011 Fukushima Daiichi disaster.

    The Basic Energy Plan sets the stage for the government to move ahead to restart nuclear reactors, all of which are now offline amid safety concerns, while reaffirming the continuity of the country's spent fuel recycling projects that have not made headway.

    The move has been expected since the pro-nuclear Liberal Democratic Party returned to power in December 2012, but the government spent several more months than initially expected before deciding on the plan as draft documents stirred controversy among lawmakers who saw them as too strongly pro-nuclear in tone.

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    As for the policy direction over the next 20 years or so, the government said it will "proceed with the reactivation of nuclear power plants" that have satisfied what the government calls the world's toughest regulatory standards, and at the same time pledged to "reduce nuclear dependence as much as possible."

    It also left open the possibility of allowing the construction of new reactors, saying in the plan that the government will "assess the amount of nuclear power that should be secured" to ensure a stable energy supply in a resource-scarce country.

    This was inevitable as I had been saying for some time. The simple fact is that the Japanese economy was having to spend huge amounts of money importing LNG and coal to make up for the offline nuke plants. A responsible restart of some of the reactors was always going to happen or the lights were going to go out in Japan. It does not appear that all the reactors will be restarted but this should be the catalyst for a rising uranium price later in 2014.

    Disclosure: I am long URA, CCJ, URPTF.

    Tags: CCJ, URA, URPTF, Uranium
    Apr 11 3:46 PM | Link | Comment!
  • Myanmar Poised To Be One Of Fastest Growing Economies In SE Asia For 2014

    Irrawaddy Times:

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    The ADB on Tuesday released its annual Asian Development Outlook report, estimating that Burma's gross domestic product grew by 7.5 percent in 2013-14 and predicting higher growth of 7.8 percent both this year and next.

    "Growth [in 2013] was supported by rising investment propelled by improved business confidence, commodity exports, buoyant tourism, and credit growth, complemented by the government's ambitious, structural reform program," the Bank said. It noted that, with new offshore natural gas fields now online, gas now makes up 40 percent of the value of Burma's exports, or US$3.6 billion a year.

    The economy is benefiting from the recently issued oil and gas tenders and the wireless licenses that were granted last year. It would appear that electricity availability and build out of affordable housing and office space are going to be a concern for a while. However these are opportunities long term not liabilities. Still waiting for news on when the Myanmar stockmarket will be up and running. Singapore based Yoma Strategic Holding is a pure play on Myanmar but it has been in a trading range after it had its runup a couple of years ago.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: Myanmar
    Apr 06 10:44 PM | Link | Comment!
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