Petaquilla Minerals Ltd PTQMF

RE: RE: RE: Gold Up $30 to $1560

[Libertyg]

Metals recovering nicely from the sharp drops overnight on news of the Bin Laden death. Suddenly the world is safe again (sarcasm). It's amazing how reactionary things have become from moment to moment. Gold and silver are in long term super bull markets absolutely. A blind man can see that. But, intermediate corrections simply allow for markets to refresh, and that is what i warn of. A simple intermediate correction for markets in powerful long term up trends. Nothing has changed long term, simply the near term is more than due for a cooling off to allow for the next leg up. It's something we should want to see if we have skin in the precious metals sector. It's healthy and needed, but blow off one way markets are not healthy, and end badly. Also, the bigger the up moves the more tricky intermediate tops can be, and the sharper the ultimate correction. I believe we are seeing strong warnings of that possibility coming soon. It simply urges caution and preparation for that possibility as it would allow excellent opportunities to come before that next leg

PTQ as a junior producer may or may not be affected, The US market has made an impressive recovery and also has the ability to correct sharply it's simply a reality of life, it's something to keep in mind and not ignored as that would catch many unprepared. If it doesn't happen great but if it does then what do we do? Food for thought.

The US dollar is on the road to toilet paper, but it still has counter trend rallies in it's future, right or wrong, and again can't be ignored.

Many of us speak of not following the herd. Well the herd is all over Gold and Silver at the moment. The herd expects the dollar to keep dropping. The herd is bullish US equities. If all these markets were to reverse in the short term it thins the crowd, it's normal.

Finally, PTQ along the way has not necessarily followed the equities, nor Gold, it also may run if Gold dropped and equities dropped it seems to trade on it's own time table so far, but again sudden waterfall events can also affect the best of the best like it or not.