From INK Live In Latin America Dear technical analyst currently writing your "bullish formation on gold" article,
Please inform us in same piece all other times and dates you made a bullish call on gold in 2014.
Precipitate Gold (PRG.v) has a message for exploration mining companies
Posted: 25 Sep 2014 06:53 AM PDT
And the message is:
Do not waste your money by drilling your properties.
...and as I've scribbled on the thing, that hole 5 is a bona fide, real live classic discovery hole which announces the arrival of a new mineralized body of gold to the world. And the market's reaction to this news?
It couldn't give a flying fig. The type of news that would have shot a $7m market cap company such as PRG a mile higher just a couple of years ago is completely ignored by the world. So, dear and loving junior exploration stage mining company CEOs, why bother drilling your site? In the world of 2014, not only do you run the risk of ruining your best prospect by finding out the truth, but even if you get lucky and hit something in the style of PRG the reaction will be plain fat zero.
Meanwhile for the rest of us: Contrary bullish signal? Oh yes, you know it's true.
Disclosure: No position in PRG.v. Never had one, either. That may change.