Dana Lyons Commentary – Fri 13 Dec, 2019

Why buy the dip mentality is working for a wide range of sectors

Dana Lyons kicks off today by outlining why the buy the dip strategy has worked so week this year in both risk on and risk off assets. We start with comments on the US markets and the stronger breadth in the last couple weeks. Finally some comments on the precious metals and bonds that also had a good year where weakness was bought.

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Comments:
  1. On December 13, 2019 at 10:24 am,
    Ron says:

    News flash!!! – All Utilities with significant investments in nuclear or wind power will go bankrupt within the next 2 years. 3 Blade wind generators don’t work and even if they did conventional power plants cannot respond fast enough to react to power fluctuations cause by these ecological disasters. They cannot even be connected to the power grid. 95% of the wind flows straight through without even touching a blade. There is no money available to remove and recycle the useless 3-blade wind farms. PCG is the tip of the ice burg. What happens when the utilities can no longer afford to pay for cooling and storing the nuclear waste? (Nuclear MELTDOWN) Who will get stuck with the bill for cooling and storing this nuclear waste for the next 50,000 years? TAXPAYER Solar also does not work, and is only active 4 hours a day, and also causes power fluctuations. Solar loses half of its capacity after 10 years and uses more power to make than it produces in its lifetime. Solar cells also leach toxic materials into the environment. The politicians and crony capitalist have already absconded with the subsidies. We have been duped once again by fake science. Get ready for sky high power bills. Utilities are now ultra-high risk!

    • On December 13, 2019 at 2:09 pm,
      Excelsior says:

      “All Utilities with significant investments in nuclear or wind power will go bankrupt within the next 2 years.” – Ron

      Oh really?? 🙂

      Ron – you stated that as if it was fact (and it’s not), so what is your source that all utilities with significant investments in nuclear or wind will be bankrupt in 2 years?

      Not only is that incredibily unlikely, but it also flies in the face of all the new reactor builds worldwide, and transactions going on with utilities the last few years. Some of these utilities that have nuclear as part of their energy mix just signed new off-take agreements this year with Cameco, Uranium One, Kazakhstan, Orano, Ur-Energy, UEC, URG, and PEN.AX. In addition, a few just announced last month extending the lifespan on their reactors for another 1-2 decades. {would they do that if they really felt they were going out of business in the next 2 years — I think not…}

      Next you did a strawman arguement about utilities no longer paying for cooling/storing nuclear wast and jumped right to the illogical outcome that the only outcome is that they’ll melt down. Ridiculous…

      You stated:

      “What happens when the utilities can no longer afford to pay for cooling and storing the nuclear waste? (Nuclear MELTDOWN)” – Ron

      __________________________________________________________

      For those that value facts over hyperbole, here is information readily available on the World Nuclear Association website:

      “Most low-level radioactive waste (LLW) is typically sent to land-based disposal immediately following its packaging for long-term management. This means that for the majority (~90% by volume) of all of the waste types produced by nuclear technologies, a satisfactory disposal means has been developed and is being implemented around the world.”

      “For used fuel designated as high-level radioactive waste (HLW), the first step is storage to allow decay of radioactivity and heat, making handling much safer. Storage of used fuel may be in ponds or dry casks, either at reactor sites or centrally. Beyond storage, many options have been investigated which seek to provide publicly acceptable, safe, and environmentally sound solutions to the final management of radioactive waste. The most widely favoured solution is deep geological disposal. ”

      “The radioactivity of the wastes decays with time, providing a strong incentive to store high-level waste for about 50 years before disposal.”

      https://www.world-nuclear.org/information-library/nuclear-fuel-cycle/nuclear-wastes/storage-and-disposal-of-radioactive-waste.aspx

      ________________________________________________________________________

      So for 90% of all waste produced at nuclear plants, the (LLW) low-level radioactive waste is immediately disposed of, and for the other 10% of (HLW) high-level radioactive waste, it is stored in ponds or dry casks for about 50 years before disposal (not 50,000 years).

      If a utility company was to go insolvent, then there are other companies that would take them over, or worse case, government bodies that would administer the disposal. They wouldn’t just turn off the lights and leave the plant to melt down, for crying out loud.

      Nuclear Energy is the only 24/7 carbon-free base load power source, kills the least amount of humans or wildlife compared to any other energy input, and is essential to the energy mix of the planet moving forward. Anyone that has spent any time analyzing the energy sector knows this to be true.

      Nuclear energy gets a bad rap from the unformed and misinformed that never fail to post disinformation or that hold countless bogus positions, without concerning themselves with the actual facts or data.

      • On December 13, 2019 at 2:33 pm,
        Excelsior says:

        Group of Premiers Band Together to Develop Nuclear Reactor Technology

        Ontario, Saskatchewan and New Brunswick will work together to research and build small modular reactors

        Elise von Scheel · CBC News – Dec 01, 2019

        https://www.cbc.ca/news/politics/group-of-premiers-band-together-to-develop-nuclear-reactor-technology-1.5380316

        • On December 13, 2019 at 2:35 pm,
          Excelsior says:

          EU Leaders Include Nuclear Energy in Green Transition

          By The Associated Press Dec. 13, 2019

          https://www.nytimes.com/aponline/2019/12/13/world/europe/ap-eu-europe-nuclear-energy.html

          • On December 13, 2019 at 2:39 pm,
            Excelsior says:

            Nuclear energy ‘only game in town’ for zero carbon emissions tech

            Dec 13, 2019 – Sky News Australia

            Nuclear energy is the “only game in town” when it comes to zero carbon emissions technology, Nationals MP Keith Pitt says.

            https://www.youtube.com/watch?v=T2arkBUR6MY&feature=youtu.be

          • On December 13, 2019 at 2:48 pm,
            Excelsior says:

            Nuclear is low carbon base load power, which contributes to grid balancing, and without the need of backup capacity like renewables and fossil fuels.

            https://pbs.twimg.com/media/ELnjtrUWwAA6MEh.jpg:large

        • On December 13, 2019 at 2:55 pm,
          Excelsior says:

          The Laguna Verde plant in Veracruz – 4 nuclear reactors under consideration by electricity commission

          Wednesday, December 11, 2019

          “Each 1,400-MW reactor would cost about US $7 billion and have a lifespan of 60 years”

          https://mexiconewsdaily.com/news/4-nuclear-reactors-under-consideration/

          • On December 13, 2019 at 2:59 pm,
            Excelsior says:

            Administrative, Financial Approval Given for 12 New Nuclear Reactors for Power Generation:

            India Times PTI – Dec 12, 2019

            “The government has accorded administrative approval and financial sanction for 12 new reactors with a capacity of 9000 Mw, in addition to the reactors already under construction to speed up nuclear power capacity addition,” Singh said.

            //economictimes.indiatimes.com/articleshow/72491595.cms?utm_source%3Dtwitter_web%26utm_medium%3Dsocial%26utm_campaign%3Dsocialsharebuttons&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

          • On December 13, 2019 at 3:01 pm,
            Excelsior says:

            Seoul, Moscow seek deeper ties in nuclear energy sector

            December 12, 2019

            “South Korea’s delegation comprised of government and corporate officials visited Russia this week, seeking to expand ties in different stages of the nuclear energy industry, according to the Ministry of Trade, Industry and Energy.”

            https://en.yna.co.kr/view/AEN20191212001000320?input=tw

          • On December 13, 2019 at 3:06 pm,
            Excelsior says:

            Electricity: Nigerian Senate makes case for nuclear energy

            2 days ago

            – The Nigerian Senate has also called for the inclusion of nuclear power into the country’s energy mix
            – Senators agreed with the notion that nuclear energy is one of cleanest and safest source of energy in the world today
            – Recall that the Nigeria and Russian Federation have signed bilateral agreements on nuclear energy cooperation

            https://www.legit.ng/1283677-electricity-nigerian-senate-case-nuclear-energy.html?utm_source=twitter&utm_medium=ps

          • On December 13, 2019 at 3:07 pm,
            Excelsior says:

            Do none of these countries know the shocking revelation we received today that “All Utilities with significant investments in nuclear or wind power will go bankrupt within the next 2 years”

            Haha!

          • On December 13, 2019 at 3:12 pm,
            Excelsior says:

            5 Reasons Why Plant Vogtle is Key to Our Clean Energy Future

            “Throughout this past year, I bet you didn’t realize that something big was happening in a small town in Georgia.”

            “Something that has employed more than 7,000 workers since the project’s beginning and is the first technology of its kind in the U.S. ”

            “I’m talking about Units 3 and 4 of Plant Vogtle, the first completely new nuclear reactors to be built in the U.S. in over 30 years.”

            “Vogtle Units 3 and 4 will be the first in the U.S. to use the AP1000 advanced pressurized water reactor technology. A key component of this technology is that the nuclear cores can be cooled even without operator interventions or mechanical assistance. Innovations like this make the AP1000 safer and more economical than previous generations of nuclear reactors.”

            https://www.nei.org/news/2018/5-reasons-plant-vogtle-clean-energy

      • On December 13, 2019 at 2:46 pm,
        Excelsior says:

        “Nuclear is part of the solution – it can provide clean electricity, day or night, rain or shine,” says our chief @RafaelMGrossi at #COP25. International Atomic Energy Agency

        Video overview of the benefits of Nuclear Energy:

        https://twitter.com/iaeaorg/status/1204851180238753792

  2. On December 13, 2019 at 11:09 am,
    Excelsior says:

    Mexus Gold (MXSG) – New photos of activity at the Santa Elena mine

    http://mexusgoldus.com/new-photos-of-activity-at-the-santa-elena-mine-added-to-companies-website/

  3. On December 13, 2019 at 11:26 am,
    Matthew says: