OTCPK:PGMFF - Post by User
Comment by
Welchspringon Dec 19, 2020 1:23pm
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Post# 32147234
RE:Shorts and tax loss selling has started
RE:Shorts and tax loss selling has startedIt's very possible for this share price to drop to 2.40 - 2.50. 2.40 would put the price at the 50 day moving average. The difficulty is there is so such headwind going on with the US stimulus bill, biticoin, COVID issues, vaccine, etc. that anything can happen. I like using the a 50 day MA chart but frankly with all the societial issues I have no idea what's going to happen in the short term. Long term things will be fine.
We could all be overjoyed on Monday to see gold prices heading to 1920 or it could very easily go the other way. If it heads down I'll be buying more.