OTCQX:PALAF - Post by User
Post by
sccool50on Nov 21, 2012 4:48pm
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Post# 20629189
Closing Price and outlook for PDN
Closing Price and outlook for PDN The market action today for PDN held up well closing at .93 when compared with UUU and CCO. The recent rise in uranium spot price to $43.20 also bodes well for PDN. I see some similarities with U308 spot price and Natural Gas. Everyone piled on the band wagon with the negative commentary, when it closed below $2 in May 2012 and 6 months later its doubled from its low. Not suggesting we get a double, however when markets correct and the negative news is at its highest is when the pendulum swings the other way. We are in my books are on a slow and steady climb from these depressed prices. GLTA