Paladin Energy Ltd PALAF

My Thought''s...

[madbiker44]

Finally!!! It seems as if Gold is breaking out. But who knows, it may be a false start and might pull back to the $680 mark until mid to late Oct when it should make a bullish run to the end of the year. However, I rather think that the Gold run that started last week will continue with slight pull backs and consolidation along the way. U308's are still suffering from the summer sell off and low prices heading into the fall season. However, That should change over the next couple of months. It's certain that the demand has not lessened going forward which makes one think that we will see not only a resurgence in the share prices of U308 companies but, the spot price as well. Time is key here. Greenspan's musings didn't do the markets any favours on Friday. Most investors already knew there was a corelation between the market crash of 87 and the current trend. I sometimes think that these market movers (Greenspan and others) make off the cuff statements on purpose, just to benefit those near and dear. What Mr. Greenspan didn't expound on is the fact that the current market environment is radically different from that of 87. An example is the current metal and oil prices. Oh, lets not forget the U.S. dollar devaluation that is underway and of course, the unemployment rate is not 8% like it was back in the day. I personally feel we are still in an overall bull cycle . Mind you, some sectors will suffer longer term, such as the financials but, the overall commodities sector will benefit handsomely over the next few years. I'm still pounding the table over buying quality Gold and U308 producers in the near term. Have a good weekend...Mad