Gold Up $8,Oil Up $3.60 near $95 US$ down to 75.90YES Oil is back to near $100, and no real mention in the Media, and as a result US$ is way down to below 76 mark and declining almost daily...The corolation between these 2 is intact, as it was 6 months ago, so gain at all for the US$ for all those so called "wins" in the ME...I believe more and more investors are realizing the safety of SA is still very much in question, and the usual special premium on Oil is coming back very wuickly...Added to this is the President's promise to withdraw from IRAQ before Christmas this yearis indicating to the world especially IRAN, who will most certainly take advantage of this move by US$ , to increase to disstablize Iraq, 50% of population thereis SHIA, and of course continue to the war they are winning in Yemen...NOT good news for the US$ to say the least....
Posters in other forums just like me, are convinced that PDGs drilling programs has resulted in additiional Gold discovered, in new areas being drilled around said proposed pit, and will continue to drill areas surrounding said pit....It,s a HUGE land package they hold there....The most important drilling in my view will be to deptth, having only drilled so far to 300M, in my view like HEMLO, very near by, the high Grades Gold, are/were located at deeper levels, 800 to 1500 Ms.I beleive Mr. Maher optiioned some claims recently, to have as many funds as possible to self finance Magino open pit mine, as well as continue said drilling there...He is giving us shareholders a real BANG for our money...I will likely buy mor when the good news is released, as I have oftern said PDG and Magino are a longer term hold., with superb potential for a major mine.....Good luck to all PDG holders who held on....
M99