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finally some buying coming back into $PCFG
gold up....but all gold miners down
can't believe it........if she can pass $.05...it will go right to the north very fast
GO PWRM GO.............catch DNDN
look like PWRM back in the business
say something positive boss........holding for long time....hope good days will come soon. this stock has very potential to be one of the blockbuster one....
back in the business.....this share once upon a time was $73.74 (year 2000)
I told you guys I will slap all the asks in the first 2 hour today
upto 1mil shares
all my fund clear now..........I will slap all the asks in the first 2 hour today
US Global Investors Weekly Gold Outlook
http://www.usfunds.com/investor-resource...
Gold Market
For the week, spot gold closed at $1,353.47 per ounce, down $15.28, or 1.12 percent for the week. Gold equities, as measured by the Philadelphia Gold & Silver Index, fell 1.73 percent. The U.S. Trade-Weighted Dollar Index rose 0.43 percent for the week.
Strengths
•Marcus Grubb of the World Gold Council commented: “The rediscovery of gold’s properties as both a currency and a monetary asset have been brought into sharp focus. Quantitative easing has forced the adjustment of global imbalances into currency markets and the resulting currency conflict is positive for gold. In addition, we believe demand will be facilitated by the growing number of channels that serve to make gold more easily accessible to a greater number of investors.”
•Founder of CPM Group, Jeff Christian, recently noted that, “Right now you've got all of the stars aligning for favorable gold prices. You have a lot of investor concerns about economic conditions and stock market conditions, and very low interest rates you have a great deal of concern about financial market instability.”
•At the first annual Forbes & Manhattan Resource Summit, Dundee Wealth Inc. Chief Economist Martin Murenbeeld presented his "Nine Bullish Arguments for Gold," which clearly make a strong case for further commodity cycle momentum. “The shortest (gold) cycle, it turns out, is 10 years. We have just finished the ninth year," Murenbeeld explained. "With the kind of things that are happening in the global economy, could I stand up here and say to you this will be the shortest commodity cycle in the history of these data? In fact, I'm likely to say this will be one of the longest, if not the longest cycle, in the history of these data.”
gold up / but mostly all miners down today !!!!!!!no worry
nice one fox....longs always win
this is pinkyland, here game change even faster than you blink your eyes....so stay calm and hold tight.
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
Based on a pre-defined weighted trend formula for chart analysis, PCFG scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10Last Hour Close Below 5 hour Moving Average
-15New 3 Day Low on Monday
-20Last Price Below 20 Day Moving Average
+25New 3 Week High, Week Ending November 6th
+30New 3 Month High in November
+55Total Score
everything will depend on NEWS!!!!!!!!!!!!!
Stock market is nothing, this is just transfer of wealth from impatient to patient....W. Buffet
short had a good day to cover!
sky not falling.............don't cry like chicken little...lol
$PCFG : That method does work! Set your GTC sell limit HIGH, your broker can't lend out
PCFG doing scary stuff, big portfolio shake today
stay calm and hold tight guys..........
Amen!
nice post....hope everyone can understand your message!
as per law, the company needs a time frame (time frame has to be announced) to buyback shares. No idea, it is a small float company, and why they want to buyback shares. Maybe reasons are:
1. Telling all parties involved that company does not have financing problem (if they can afford $3 mil to buyback shares, they probably have enough cash to continue diggingggggggg)
2. Insiders know something big might happen in the future (buyout)
3. Trying to push up the PPS before any real big news!
JMHO
If tomorrow PCFG low volume pullback...I'll take it
Crystal Ball Prediction:
Tomorrow gold and silver market will rise
http://www.creditcardoutlaw.com/my-blog/2010/11/market-prediction-stocks-will-rise-tomorrow-gold-and-silver-will.html
govt. can do anything they want for the greater national interest!!if it is for national interest you can't even sue govt....lol
Ground Hog Day
Actually on second thoughts..the pics (on web site old version)
on land, equipment, work-in-progress are something all investors should probably view.
Strong season for gold miners is not FINISHED yet
As everyone knows, that is absolutely true.
Thanksgiving week can be volatile for everyone, because of low volumes.
But Gold and Energy stocks are now CEMENTED to the rest of the Market.
So the question is whether the Administration and Fed are so fed up with the nasty and malicious attempts to crash the Market by the Ninny Supply-siders, they're preparing a real offensive into the end of the year to prop the Market and thwart the Supply-side Shorts.
I think they DO want to do it.
The only question, with three auctions this week, is if they give up on Thanksgiving week, do a little bit of PPT'ing, or do strong PPT'ing, which supports everyone, including Gold and Oil stocks.
Remember, if they unnecessarily hand the Market to the Shorts again, on whatever excuse, their darling GM will go down, too, as will their darling Banks.
With all the hype surrounding GM - not to mention Bernanke's speech harshly criticizing the Chinese - I'm inclined to think they want an UP Market this three-day week.
But we'll have to wait and see.
AFTER this week, Gold miners are actually pretty strong in December and very, very strong the first three weeks in January.
There is almost always some sort of correction at the end of January-beginning of February in the Market as a whole.
But remember, average Gold prices fourth quarter are going to be nothing short of SPECTACULAR! - literally the best ever, not to mention average Silver and Copper prices.
Meaning PMs will be at the very tippy top of the improved earnings list for the fourth quarter.
That means if there IS a general Market correction at the beginning of February, load up the truck! because the second peak season into late April is going to be fantastic for the miners. New highs almost everywhere.
What I am afraid of is a government seizure of gold and a punitive tax on all profits derived from owning gold miners.
People who protected themselves from fiscal insanity will be perceived as criminals.
This sort of thing has happened repeatedly. Under some governments people have been shot for hoarding food.
There is a provision of the new health care law that establishes confiscation of certain precious metal investments starting in 2012, although I have not read it myself, it was indeed confirmed by one of my favorite anti gov't friends....lol
Why Gold Dropped Earlier in the last week
I believe this is the reason Gold/Silver dropped earlier this week.
From: Warren Bevan
The only reason they dropped was because the margins were raised on Gold and Silver again by the CME.
Gold margin was raised to $4,500 from $4,251 per contract. Silver was upped last week from $5,000 to $6,500 and again yesterday to $7,250 per contract.
The CME did the same thing with Silver last week which had the same effect of seeing both Gold and Silver fall hard immediately.
Monday saw a marked sell-off in Gold and Silver around mid-day. Itseems insiders got the early warning about the coming margin raises and tookadvantage of the inside information. These occurrences occur far too often, but they are just noise in the short term and don’t much matter if you are holdingphysical metal for the long-term.
Usually they do this as markets get out of control in only upward trajectories, but the huge short entities are desperate and need help. So the CME helped them by using the old trick of raising margins.
Soros still buying gold
http://www.golf-talk.co.uk/news/soros-is-still-buying-gold/12457242
we have got a winner here!!!!!!!!!!
Interest rates
South Korea increased rates. China increased rates. CME increased margin requirements. All that noise but gold is hovering @ $1,350 after the "correction"... You know at $1,350 PCFG is worth $$$ per share MIN using DCF. Can it linger at these levels? Yup Does anyone care about the stock? Not really. However the valuation does not lie. Probably not today or next week... but eventually people are going to wake up and starting buying PCFG because it is worth a lot more than the current price. Actually at these prices I think the company gets bought sooner rather than later. JMHO.
no debt, half of the float held by mgmt, close to production...vs a lot of companies with huge debt and development stage. PCFG will survive
I still think it's a low risk, high reward stock at this time.
3rd- of 30 Reasons why PCFG will skyrocket
1.
2.
3. Proven gold reserve.
Currencies gone wild!
Like drunken girls looking for some easy fun, governments around the world have created a new game based on an old theme, "Currency printing gone wild":
The past three years have been dominated by government intervention...
This week In Ireland, a slow steady bleed has turned into a mad dash for cash at Allied Irish Banks as they have had to rely on Central Bank funding as customers withdraw $18 billion, a stunning 17 percent of its deposit base. Without Central Bank funding, there would indeed be outright panic.
Soon after the U.S. TARP program, China rolled out the biggest fiscal stimulus package in the world (relative to GDP) as well as ultra-easy loan programs. This gushed money into asset markets around the world. And despite mounting pressure to revalue its currency, China has continued to hold the yuan down to keep exports flowing and its economic engine running.
Europe stepped in as a buyer of last resort to keep souring European economies alive to see another day. And despite their efforts to stabilize Greece and the rest of the region, they're now working up a plan to plug another leak in the dam ... this time in Ireland. Next up on the agenda are Portugal, Spain then Italy. Shall we print 350 billion Euro's and 300 billion dollars for the IMF to paper those over?
For the past twenty years, Japan fired off one fiscal stimulus after another ... and QE one after another. Plus, acting alone, it directly intervened to weaken the yen.
Meanwhile, Brazil, Korea, Singapore, Thailand, Malaysia, and Indonesia have all intervened in an attempt to weaken their currencies through outright currency market intervention and/or capital controls.
All it is doing is diluting ALL currencies relative to gold. Despite the massive short positions of JPM and HSBC on behalf of the Fed to keep gold down, it has risen over three hundred percent.
With the new outright disdain at fed chairman Ben Bernanke we face a diabolical scene where nations race each other to debase their currencies.
The tide is coming in for miners of precious metals and their is no way to stop it!
Enjoy the ride!
Goldman Pillage and Sack
Wall at $0.0375
Noticed Lots of nice base building at $0.0375 preparatory to next move which, as I've estimated before, should take us to $.25 or thereabouts.
News dependent but I think we'll see some good stuff (some MORE good stuff).
Rummor is, they have now become a producing mine!!!!!!!!.