GREY:PTQMF - Post by User
Comment by
Libertygon Jul 18, 2011 10:09am
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Post# 18841817
RE: RE: Something is very wrong here!!!
RE: RE: Something is very wrong here!!!That's all anyone needs to know about PMC. I was buying PTQ at .63, and .60 while our do gooder helper PMC was spewing doom and gloom. Now he's a buyer, what's changed? Nothing. If a company is bad then it's not a buy at any price. PMC proclaimed over the last YEAR how bad everything and anything PTQ was, but he's now a buyer. If you listen to PMC then you deserve what you get, he's as transparent as glass
If Gold and silver continue to rally past present levels (Gold 1600., silver 40.50) then it could be what so many are hoping. We could be in for a significant rally especially if Gold holds the 1600 level. Logically this would be a good place for at least a pull back first. Gold pulling back to 1560/65 would be normal and wouldn't change anything on the positive side, but much lower would leave room for pause and caution. Blowing by 1600, or better yet 1640/50 or so would be outrageously bullish for a big move ahead potentially.
The debt conditions globally could really spur some huge moves either way depending how it all develops from here forward. Long term once gold does establish 1500.00 or so as new support is primed to take out plus 2,000.00/2,500.00 and it could be quickly. If that scenario plays out it may be setting up into the fall for the real big move. It all depends on how this acts through end of month or very early august. Most importantly a correction or pull back will happen, but from what level? Once it does happen seeing where it lands for support will be very telling.
Overall, Gold up is bad for the people, it's the barometer of global economic health, and the doctor is telling us were very sick right now. I never root for gold to go up even though i'm an investor, i don't want to see the doom and gloom occur to many would suffer, you can't take pleasure in that. Gold is the final hedge against government complete failure, and the banking system runs the government, wheres the light at the end of the tunnel?