TSXV:PEM.P - Post by User
Post by
prospector7on Aug 03, 2009 10:17am
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Post# 16186502
2 Page 20 ?s
2 Page 20 ?sgets you a piece of 500 billion $ if you are a bank. What do the banks do with the $$ invest it into the Stock Market of course would'nt you do the same. This is what's driving these markets and driving our stocks up. The problem for the banks is that they didn't lend companies $$ and made their own books look good because they have turned into brokers instead of bankers.
This has drove people away from investing into treasuries and putting their $$ into the market where smart people like all us do, you just need to look at all the new posters on SH to see that this is true.
The fact that gold goes up when the $$ goes down is very evident as we speak.
In the old ticker tape days 2 of us worked together investing in futures, I would watch the tape tick out of that machine and my friend would instantly put an order in for gold instantly for example when Iran over threw the US embassy years ago gold flew up.
In the down turn of the early 80s stopped investing in futures and bought small gold mine stocks and did very well.
This is what the banks and everyone is doing now because we all know gold is going to fly because of history and another fact is that the banks now have their $$$$$ tied up in the market which will drive inflation higher because the goods aren't being produced and as the stock piles get used up, inflation will soar high and gold is going to go ballistic like no other time in history.
I want to have my $$$ in a stock like PEM that is going to have enough proven ounces after the results come out to have a producing gold mine in short order. This is why I and many others including investment companies want to own PEM one of the best juniors in North American. Be on board this train before those results come out because this old Prospector thinks there will be a halt when that NR comes and the SP will skyrocket, don't be the one that sells your shares for .60 when PEM hits $1 from .53 to $1 in a day is possible here.
Just to add to this heard on the news just now that there is a lot of fields in the US with no crops planted because the farmers have no $$$ and that food is going to go much higher driving inflation higher than ever. Mark these old prospectors words it is the only outcome that is possible that gold and commodities are the place to be and the banks know it so much they are hoarding their $$$ to invest in the market at the expense of the common company and their workers.