Uranium Energy Corp NYSE MKT UEC is pleased to

first_img Uranium Energy Corp. (NYSE MKT: UEC) is pleased to announce that the final authorization has been granted for production at its Goliad ISR Project in South Texas.  As announced in previous press releases, the Company received all of the required authorizations from the Texas Commission on Environmental Quality, including an Aquifer Exemption which has now been granted concurrence from EPA Region 6. Amir Adnani, President and CEO, stated, “We are very pleased to have received this final authorization for initiating production at Goliad. Our geological and engineering teams have worked diligently toward achieving this major milestone and are to be truly commended. We are grateful to the EPA for its thorough reviews and for issuing this final concurrence. The Company’s near-term plan is to complete construction at the first production area at Goliad and to greatly increase the throughput of uranium at our centralized Hobson processing plant.” Please contact Investor Relations with questions or to request additional information, [email protected] It was pretty much the same story in silver, with the big difference being that the high tick came at the 8:20 a.m. EDT Comex open…and that price was recorded by Kitco as $20.16 spot.  There was a secondary high at gold’s 10:35 a.m. EDT high tick…and after that the silver price traded more or less sideways into the 5:15 p.m. close of electronic trading. Silver closed at $20.01 spot…up 9 cents from Monday.  Gross volume up quite a bit from Monday at 32,500 contracts. (Click on image to enlarge) Yesterday, at the 1:30 p.m. close of Comex trading, was the cut-off for this Friday’s Commitment of Traders Report…and I am expecting some deterioration in both metals because of the rallies off the lows during the last reporting period. Not much happened in Far East trading on their Wednesday…and both gold and silver began to develop negative biases beginning around 1:00 p.m. Hong Kong Time.  This has continued into the first couple of hours of trading in London as well.  Gold volume is pretty light…and mostly of the HFT variety.  The dollar index, which had been up about 16 basis points, is now back to unchanged as I hit the ‘send’ button on today’s column at 3:05 a.m. EDT. Yesterday was just another day off the calendar, as Ted Butler is wont to say from time to time, with JPMorgan et al keeping a firm hand on precious metal prices once again. See you here tomorrow. Sponsor Advertisement (Click on image to enlarge) The CME’s Daily Delivery Report showed that zero gold and a very decent 141 silver contracts were posted for delivery on Thursday within the Comex-approved depositories.  This time Goldman Sachs showed up as a short/issuer of note with 84 contracts…followed closely [but not surprisingly] by JPMorgan Chase with 57 contracts out of its client account.  Of course it was JPMorgan Chase as the big long/stopper, with 132 contracts…6 for its client account and…drum roll please…126 contracts for its in-house [proprietary] trading account.  I wonder if JPM’s clients in the silver futures market will ever complain about being royally screwed…without being kissed at the same time?  Just asking.  The link to yesterday’s Issuers and Stoppers Report is here. There was a small withdrawal from GLD yesterday.  This time an authorized participant removed 48,331 troy ounces.  It was different over at SLV, as another 771,804 troy ounces were deposited.  Month-to-date…GLD has had withdrawals totalling 10.27 million ounces…and SLV has added 9.75 million troy ounces. The U.S. Mint had another sales report yesterday.  They sold 3,500 troy ounces of gold eagles…500 one-ounce 24K gold buffaloes…and 226,000 silver eagles.  There was an obvious data entry error in the silver eagle sales…one too many zeros…which will certainly be corrected today sometime, but I think that silver eagles sales number I reported, is correct.  If not, I’ll make amends in tomorrow’s missive. Over at the Comex-approved depositories, they reported receiving a chunky 1,209,885 troy ounces of silver on Monday…and only shipped 15,809 troy ounces of the stuff out the door.  The link to that activity is here. In gold at these same depositories, they received 1,999 troy ounces.  The link to that ‘action’ is here. I have the usual number of stories for a mid-week column…and there are several gold news items that fall into the absolute must read/listen category…so if you’re short on time…and want to concentrate on the ‘vital few’…that’s where I would focus my attention first if I were you. First they ignore you. Then they laugh at you. Then they fight you. Then you win.  And then they go back to ignoring you, saying that everybody knew that stuff all along! …what Gandhi might have said if he had joined GATA I wouldn’t read much into yesterday’s price action in any of the precious metals.  However, despite the low volume, there was obviously a willing seller lurking about around 10:35 a.m. EDT yesterday…particularly in gold, where it looked like it was about to take another run at the $1,300 spot price mark.  Silver actually closed above the $20 spot price mark by a penny…but as you already know, that situation wasn’t allowed to exist for long. As you can tell from the two chart below, the lines in the sand…at least for the moment…are $1,300 in gold and $20 in silver.  This situation has existed since the beginning of the last week of June. Here’s the New York Spot [Bid] Silver chart that shows the New York price action on its own, so you can see it in more detail. The silver stocks did just about as well…and Nick Laird’s Intraday Silver Sentiment Index closed up 4.31%.last_img