Free Weekly Email 4.30.25

China Nuclear Plant Construction Accelerates

Old school resource investor comments on uranium.

I am still very bullish on uranium and select uranium stocks. However, they are and will remain volatile. A recent example illustrates my point. There is a company that had a water shortage at its mine, which affected production. The stock took a hit.

The company recently experienced historic rains, which flooded the mine and affected production, and of course, the stock got seal clubbed. Nevertheless, the company had higher production, and the stock has recovered.

If you are involved in the sector, you are likely familiar with the company I am referring to. This illustrates the industry's volatility and the actual difficulty of mining in real life.

However, my view is that this is one of the most pronounced supply-demand imbalances we have ever seen in the resource sector. I believe that those who buy at a discount and have patience will be well-rewarded over time.

Big Swinging Dicks

Great article by Jared Dillion that resonates with me as I get older.

If you told me in 2005 that in 2025 I’d write that our ego is our greatest enemy, I would have shit in your hat. Back then, I wanted to be a Big Swinging Dick. That is no longer my ambition. All I want is to pay off my house, to buy a place in Miami, to have some play around money, and to give the rest away. And this isn’t virtue signaling—this is really what I want.

There was a point in my life where I wanted to own a nightclub, but I am too old for that now. If you want to effect change in the world, well, there is a whole science around this, but you have to do it incrementally. And our influence is extraordinarily small. Being rich and successful means you get to fly private and you never have to stand in line for stuff. You have earned it. But you don’t get to tell everyone what to do and what to think.

Buyout and Venture Capital Investing In Japan and China: The Acquirers Podcast

I have discussed my value investing hobby with Japanese stocks. I listen to this podcast frequently, and they recently returned from both Japan and China, discussing the opportunities in both countries. The trip was short, and they don’t advertise themselves as experts.

However, the discussion on changes in Japan’s stock market, in particular, will provide a good primer on what is happening there and how relatively inexpensive things are in Japan.

Does this chart look healthy?

I think the market is heading lower—more opportunity in overseas markets, gold, and energy, in my view.

GE Turbine Order Continues to Grow

GE Verona, which manufactures gas turbines and other electric power components, is one of the companies I follow to stay informed about the development of data centers’ power demand and electrification via gas-fired power plants. Very positive results, and the backlog is growing. According to another analyst, there is a shortage of turbines, transformers, and qualified personnel.

Not investment advice

The US Dollar Looks Sick Here

The dollar has been trying to break down below the 100 level. It appears to have finally broken below on its third and most recent try. A move down to 90 on the dollar index seems possible. Gold, emerging markets, and commodities are likely to perform well in this scenario.

That’s it for this week. be careful out there.

John Polomny