RE:RE:interesting positive casey research article Hi zentrarian.. Over the last week or 2 I noticed PVG has de-coupled from the POG/broad markets and taken on a life of its own, showing very strong support on days when other gold stocks were down.. Not sure when the Casey article was published but I find it unlikely that it is the main reason for yesterdays move which seems more like a follow through from recent action than buying from the dwindling followers of Louis James.. From what I can gather Casey has lost a lot of followers over recent years and L James has come up with some blatently terrible stock picks.. Also they recommended PVG (ok not all bad!) way back so I can only conclude they probably sold at $3 after the Strathcona debacle..
There may be positive news pending but my sense is that this is one of those times when a stock naturally re-values and of course if short covering is involved it can cause sudden moves like yesterday..
Pretium has never enjoyed a sustained period of strong positive momentum in the gold sector.. born in 2011 just after the POGs blow off top.. the stock ran from $8 to $18 against a strong negative sector headwind 2 1/2 years ago and has been in a downtrend ever since enforced by a pretty brutal 3 year correction in PMs.. I think we are now at the very beginning of a return to a time of sustained positive sentiment in the PM sector leading to a huge run in the POG over the next few years.. I think Pretium has all the boxes ticked to become the 'go to' stock as speculators return to the sector.. I am tempted to use that over used expression: "you aint seen nothing yet".. just because however cheezy pump it may sound I think it's true!