OTCPK:PGMFF - Post by User
Comment by
Welchspringon Jan 08, 2021 6:33pm
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Post# 32259608
RE:RE:RE:Huge Correction
RE:RE:RE:Huge CorrectionIn this type of market I have learned not to buy gold stocks in one buy. There is way to much noise going on with gold stocks. This is no fault of the mining companies. Unfortunately there are a lot of headwind issues going on - biticon, government debt, government interference, bank interference, etc. as well as the investor who is chasing spec. stocks. This reminds me of the dot.com bubble back in 2000. People were chasing stocks with no value. They got burnt.
I believe a lot of investors are puzzled as to why the price of gold dropped $70 plus today. I am puzzled as well.
I was a long time investor in PGM and due to all the noise in gold prices I decided to exit at around 3.00. I still invest in mining companies but have taken up a stronger believe in silver.
The government debt that is being accumulated is shocking. It's rather difficult to judge where this is all going to end up.