Looking ahead...The downward momentum has been surprising, on a fundamental basis I just cannot understand it. The selling does not bother me in the slighest, I can sleep well, etc. On a technical basis, a bear flag pattern formed, completed, and prices are falling lower from there. This suggests it will go to the previous 6.0 - 6.05us level before this fall is stopped. Many people may well have stop loss orders in just below 6, so it would not be a surprise to see the price pierce below 6 usd, just long enough to capture the cheap shares by tripping the stop losses before reversing higher. I think one should be careful, and not use stop loss orders at these levels. The stop orders can be seen in the system, and the sharks have computer programs that will alert them if they can make a profit by piercing through the stops. Mental stop levels are better, don't let the sharks see where all the traders want to draw a line.
I hope that scenario does not happen, but I did mention this was a possibility when the shares first settled at 6.85 us support. If so then chances are good the shares will have recovered somewhat higher before the end of the week, back to 6.5 - 6.85 usd?. However, another problem is the gold chart also has a bearish pattern, and it has a reasonable chance of dropping to the early February 1310 level. If so that would weigh on the shares, but difficult to estimate how much effect, with so much happening at the same time.
Trying to look two months ahead, anyone who has followed my rambling messages, knows that I am expecting a much better Q1 than Q4, I would be surprised by anything less than 85,000 ounces. If my view is correct, I hope to see the shares perhaps bounce back to about 9+ usd (?) after the Q1 update is given in mid April. Therefore, people might want to think twice about selling at these prices, if it would upset them to see a rally back up after mid April. As mid April approaches, one might some noticeable short covering, from those shorts who can actually perceive the risk and connect a few dots.
Anyways fellow followers of Pretium. (Prenti-ites?), that's my point of view.