Correction Zero ability to admit the facts have changed when they have.
1. Speculation has left this market
2. Gold companies being punished for acquiring ahead of PERMITS - yes that 7 letter word you guys all ignore so much.
3. Gold is no longer rising
4. Problems across world are terrible but a strong US dollar is off-setting commodity strength and actually putting pressure on gold/silver prices.
5. US dollar strength will stay until another form of reserve currency is available and EUR is not a viable option nor is AUS dollars.
6. PVG's down-trend that the stock is starting is not a good time to buy
7. PERMITS needed
8. Lack of VOLUME - the buyers are you guys - not funds.. look when it went back to $18 last time.. the volume was present
9. All other gold stocks being trashed
10. Paulson who owns 30% of his acount in GLD is liquidating