Petaquilla Minerals Ltd PTQMF

RE: RE: RE: Volatility

[Libertyg]

Wild day in the metals especially Silver. Up $3.00 down $4.00 back up over $2.00 and sold down at the close. That's the definition of volatility. This is how tops can form. I hope for a correction to cool down the metals for more substantial gains later. Last thing i want is a blow off top now.

Also, the metal stocks haven't participated on par with the metals moves. This is concerning in the short view. It could be warning that a interim top is forming and we could be in for a 3-6 month correction consolidation, especially in silver. Gold tends to hold up better than silver when in corrective mode.

We could see a cooling off period going into June or perhaps September/October. If so i would be loading up if some of these excellent opportunities get hammered. Once completed the next leg may last several more years and the junior sector will finally realize those eye popping moves we all anticipated over the last 10 years. The day's coming and once it does it's good to have your bets placed and hold on tight. Enjoy.

PTQ if can't hold this level may take a shot at the .60 area, but i wouldn't count on it. As Rock and Best point out based on how well this is lining up it could take off at any time. I also watched WTN, and even tried to get in at .36 cents. Missed it by .03 cents. It would have been a PMS special. Once it bottomed at .39 it rose to over $12.00 in  a short amount of time. PTQ has that kind of potential, and another sharp sell off would be a screaming buy.