Paladin Energy Ltd PALAF

My Thought''s..

[madbiker44]

It's been a while since I've posted, mainly because there was so much turmoil in the market, it was hard to get a bearing on what direction the markets were going to take. However, I believe the market has flattened somewhat but, will continue to be choppy going into October. The U308's have been punished far beyond what I would have surmised. Who would have thought that PDN would retest the $4.50 mark? In the spring I though,"maybe $6.00", but, never into the $4's. All market sectors suffered under the sub-prime fall out and its not over yet. Some analysts are predicting a U.S.recession. There are yet others predicting a global recession. We will may yet experience further losses overall but, especially in the financial sector. That being said, the precious metals sector will begin to shine very soon as fear of recession pushes a large influx of cash into gold as a safe haven. I agree with others here that the U308's has bottomed and will regain it's lustre as the fall season approaches but, gold is will be king going forward. Some of the base matals such as copper will experience further price decline as the U.S. housing demand slows. If indeed a global recession ensues the other base matals will see decline in value as well. My picks going forward include basically #1. Golds producers such as Kinross, HRG, and a lesser amount of ARU(exploration)and ELD. U308's are my #2 pick. I am still holding a small portion of PDN,a producer with awesome assets. I will be adding to my position from here to the fall season. Other U308's I like with potential are DML, SXR. I wouldn't buy CCO because I feel it will struggle over the next couple of years and will have to consider takeovers and mergers to stay in the game and that is bad for shareholders of CCO short to medium term. There is far better value in the likes of PDN. I believe as the price of Gold Bullion rises, more consolidation within the gold's will occur. Last week the rumour mill suggested that Barrick was kicking the tires of Newmont. That would be a tremendous bite for Barrick to digest and would hurt Barrick's share performance for a long time. I expected Barrick or Newmont to go after Kinross because of thier forcasted growth of over 60% during the next two years. In my opinion, that would be far better value for Barrick. Folks, Kinross is ripe for the picking since the Bema takeover. Watch for activity on that front. Holders of Kinross will be rewarded handsomely in a take over situation. I've gone on long enough... Have a great weekend... Mad