"PDN itself is actually a good buy under the right conditions...

"PDN itself is actually a good buy under the right conditions especially in october bloodbaths"
Agree SO SO TRUE....

Hi all Paladin fans.
For my money I think you can’t go past PDN, the up swings are huge still, they almost into production, most U and precise metals gurus tell all to stick with good producing companies, most of the small spec’s use them as a guide, PDN sneezes the rest catch the cold da da da, Many are not investment grade, lots are just plan gamble fodder. I was in the market with a buy bid yesterday for more PDN it didn’t get to my bid price, but it might a little down the tract, if it doesn’t to bad a have a good holding anyway.

Sold quiet large position in gold and metals mid week, (Listen clearly NOT because you told me too Gobs) because one I was sitting on very good profits, second I felt stocks that I owned had great VOL but the share prices wasn’t doing much, just looked to me the metals were getting tired, longish term, even after we have a sharp drop I think metals and gold will get back on track, hoping to pick up the ones I sold for at least 10% less than I sold..

What I did buy yesterday was WPL made good money with them in the past, managed to fluke the bottom price of $39.90 lowest in about 5 and a half months, oil is of the boil a present, There is no way I believe it will drop to much further for any extend period of time, just from 1970 to now we have doubled the world population, yup 3 billion MORE people, total 6 billion all using oil and oil products There is no way we can sustain cheap oil prices, we will have short term dips. OPEC has said straight out we have a much lower excess capacity than we had 10 years ago, they will turn off the taps if it goes too much lower than $70….. now it’s $66.18 so I would think there not to much down side from here…Plus most oil producing companies do their calculations on 35 to 45 dollars a barrel…At the end of the day one will only make great money if one buy great companies when Mr. market offers them to you at a big discount, funny how many still can’t seem to grasp this…

ALL this is in my humble opinion…

Just my ranting to pass a little time before I go at watch the Crows whip Westies fair boys Freo..

Cheers guys.
Have a great weekend all…Life is great.
Mx......

PS…We’ll lost a couple of great Australians the past few days, no one knows what around the corner, please enjoy your life, if you’re not… Do something about it.