Petaquilla Minerals Ltd PTQMF

RE: RE: RE: Something is very wrong here!!!

[Libertyg]

From my prior post:

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 infor 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 changeanything on the positive side, but much lower would leave room for pauseand caution. Blowing by 1600, or better yet 1640/50 or so would beoutrageously bullish for a big move ahead potentially.

We got the pullback today. Expect downside follow through tomorrow at least. See how gold handles the 1560/65 area that could be as far as it pulls back on a closing basis, it could go lower intraday but the close is more important. Silver down to about 38.00 but as always silver can overshoot tremendously being so volatile holding the 36.00 level is more important. If the above happens it may be a simple test of the break out. I would watch the above areas as a signal to what's coming next. A simple pullback or a larger correction. Right now it's very normal to see a pullback after a break out. We also have the possibility of some general consolidation ahead. Both metals were overbought and this may simply ease some of that with a two or three day correction, we'll see.