Commentary and analysis on markets, personal finance, and wealth building from a contrarian perspective. "I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting there and trying to dream it up all yourself. Nobody’s that smart."
— Charlie Munger
Yesterday, Japan restarted the second of its shuttered nuclear reactors, four and a half years after the Fukushima disaster closed all of that country’s nuclear plants, and two months after the first reactor restart on the same site at Sendai.
The first control rods in the reactor began withdrawal at 10:30 AM Japan Time, and initial criticality was achieved about twelve hours later. The reactor should start transmitting power next week and resume full commercial operation next month.
The recovery in uranium has been slow and painful but it is in recovery and long term holders will be rewarded. I continue to recommend Uranium Participation Corp. which will allow you to hold physical uranium.