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Tug of War in the Economy and Markets: Cyclical Rebound Will Only Last a Year or Two
For TSX Venture listing a company must have NI 41-100.
Valuation of PPS at current market condition
many drillers with 2 to 3 million ounces of gold running at $0.50 to $1 per share. With large gold deposits, and gold at $1400/oz - what should be the current market price? This stock due a huge appreciation from here, could easily be a multi-bagger.
Don't Miss Out!!
This company is about to run...i don't know why people are sleeping on this!! The next bit of news is going to send us sky rocketing!!
LOAD UP PPL
Gold's major correction ahead
could pull back to $1300 or $1280 range very near term. Dollar rising and China's interest rate hike ahead
PCFG the second leg of what could be a MAJOR BULL RUN is forming & the profit train is chugging away
welcome 12thMan! All the best.
This baby will pop back up. A little intimidation on the open, then pps begins to rise. Hang in there...... IMO..
even if gold party over, PCFG will stay high due to production of gold
what is O/S and A/S of MXGD
PCFG holding steady , nice consolidation gambling this break a nickle on Monday
PCFG MM's won't be able to hold this back! Mother of all Short Sqeezes coming!!
PCFG is about to reach new highs after 4 days of consolidation!
PCFG healthy pullback last week, going to go higher after bounce
PCFG mm's trying to hold this one down, but don't think for very long...
PCFG is one of the few junior mines that actually will be producing something
A lot of positive buzz on PCFG and rightfully so. Gold retraced a bit the last couple days but I see a rebound next week.
calling a PCFG reversal here, may go huge green next week
I obviously mistimed the reversal on $PCFG a few days ago, but now looks like it may very well be the day...
I had my Friday off hoping to see a dip into the low .035's that had been happening all week and what happens? The share volume dries up and it just sits there hovering. Got one brief bit of action when it looked like I might see a good drop in price, but nooooo, back to hovering again.........
I'm trying to be patient to double up
Do you know this?
Gold penny stocks and gold junior mining stocks are basically gambles that the price of gold will continue to rise, and this would then result in higher profits. However, a consumer needs to realize that even if gold prices were to reach record highs, it is still possible for a mining operation to fail. Commercial operations are subjected to a number of different risks that could individually or collectively cause the company to go bankrupt. Whether there is weather issues or simply trouble locating gold, a mining organization could be forced to close leaving all of the investors with a complete loss.
Multiple investigations by the SEC have determined that many gold penny stocks and junior mining stocks are riddled with fraudulent business practices and non-existent companies. In the modern day gold rush, consumers have been quick to jump on the bandwagon and attempt to make an incredible amount of money with fly by night mining operations. The risks are simply not worth it, and the majority of individuals will lose every bit of their investment in their attempt to invest in gold.
Gold mining companies often sell shares of their stock to investors, but it is necessary to note that these investments do not actually represent any precious metal. The success or failure of the miners is what an individual is investing in, and it is incredibly easy to lose money in these ventures. Gold coins are often considered to be one of the safest investments and is valuable throughout the world, but a stock has no guarantees and is in no way secured by existing gold. Unless an individual is looking for a volatile and risky investment that is likely to lose any money tied up in it, it is advisable to stay away from mining stocks.
Pump&Dump.con:
Tips for Avoiding Stock Scams
on the Internet
Source: http://www.sec.gov/investor/pubs/pump.htm
One of the most common Internet frauds involves the classic "pump and dump" scheme. Here's how it works: A company's web site may feature a glowing press release about its financial health or some new product or innovation. Newsletters that purport to offer unbiased recommendations may suddenly tout the company as the latest "hot" stock. Messages in chat rooms and bulletin board postings may urge you to buy the stock quickly or to sell before the price goes down. Or you may even hear the company mentioned by a radio or TV analyst.
Unwitting investors then purchase the stock in droves, creating high demand and pumping up the price. But when the fraudsters behind the scheme sell their shares at the peak and stop hyping the stock, the price plummets, and investors lose their money.
Fraudsters frequently use this ploy with small, thinly traded companies because it's easier to manipulate a stock when there's little or no information available about the company. To steer clear of potential scams, always investigate before you invest:
*Consider the Source
When you see an offer on the Internet, assume it is a scam, until you can prove through your own research that it is legitimate. And remember that the people touting the stock may well be insiders of the company or paid promoters who stand to profit handsomely if you trade.
*
Find Out Where the Stock Trades
Many of the smallest and most thinly traded stocks cannot meet the listing requirements of the Nasdaq Stock Market or a national exchange, such as the New York Stock Exchange. Instead they trade in the "over-the-counter" market and are quoted on OTC systems, such as the OTC Bulletin Board or the Pink Sheets. Stocks that trade in the OTC market are generally among the most risky and most susceptible to manipulation.
*
Independently Verify Claims
It's easy for a company or its promoters to make grandiose claims about new product developments, lucrative contracts, or the company's financial health. But before you invest, make sure you've independently verified those claims.
*
Research the Opportunity
Always ask for — and carefully read — the prospectus or current financial statements. Check the SEC's EDGAR database to see whether the investment is registered. Some smaller companies don't have to register their securities offerings with the SEC, so always check with your state securities regulator, too.
*
Watch Out for High-Pressure Pitches
Beware of promoters who pressure you to buy before you have a chance to think about and fully investigate the so-called "opportunity." Don't fall for the line that you'll lose out on a "once-in-a-lifetime" chance to make big money if you don't act quickly.
*
Always Be Skeptical
Whenever someone you don't know offers you a hot stock tip, ask yourself: Why me? Why is this stranger giving me this tip? How might he or she benefit if I trade?
For more information on how to use the Internet to invest wisely and avoid fraud, be sure to visit our Internet and Online Trading web page. There you'll find a vast array of tips, including Internet Fraud: How to Avoid Internet Investment Scams.
copied from CN*X board. posted by Sun M who commented on my post
Everything you said is 100% dead-on accurate. The gold and precious metal market is really no different than the housing market bubble that was popping along 5 years ago. The caveat with gold however is that the continued dim outlook for the world economy will keep driving the market price of gold through the roof. Given that the idiots in D.C. keep printing greenbacks the way Mining companies print stock certificates, I think it is safe to say that gold will continue to increase in value.
What makes mining companies the pariah it has become is the fact that we investors really don't have a clue as to what the hell they are doing with all the cash we have given them. Are they thieves? Or do they have a great secret to tell and are just waiting to have all their ducks in a row before telling us? I don't know...no one does - that is what is so damn frustrating.
Now back to you original point. Could this stock tank tomorrow - of course! I would hope to God that anyone holding this stock (really any stock for the matter) realizes that every penny they have put in the market could disappear tomorrow. If they don't, then they have no business investing in the first place.
So basically what we have here is one big game of poker going on at the moment. The odds here about the same of winning a million bucks in Vegas. Could it happen? Yes. Are the chances great? Not really. I have a modest amount invested here. If it tanks, I am only out a couple hundred bucks. It would suck to lose everything, but it is nothing I could recover from in a short amount of time. However, if this happens to be the odd one in the rough that hits, we could all have a very good new year coming.
My hope is that Eddie will finally get some news out before the holidays so we all know where we stand and hedge as needed.
Just remember, America was born and made on get-rich-quick schemes and having the balls to stick you neck out is what makes legends out of nobodies.
Everything you said is 100% dead-on accurate. The gold and precious metal market is really no different than the housing market bubble that was popping along 5 years ago. The caveat with gold however is that the continued dim outlook for the world economy will keep driving the market price of gold through the roof. Given that the idiots in D.C. keep printing greenbacks the way mining companies prints stock certificates, I think it is safe to say that gold will continue to increase in value.
What makes mining companies the pariah it has become is the fact that we investors really don't have a clue as to what the hell they are doing with all the cash we have given them. Are they thieves? Or do they have a great secret to tell and are just waiting to have all their ducks in a row before telling us? I don't know...no one does - that is what is so damn frustrating.
Now back to you original point. Could this stock tank tomorrow - of course! I would hope to God that anyone holding this stock (really any stock for the matter) realizes that every penny they have put in the market could disappear tomorrow. If they don't, then they have no business investing in the first place.
So basically what we have here is one big game of poker going on at the moment. The odds here about the same of winning a million bucks in Vegas. Could it happen? Yes. Are the chances great? Not really. I have a modest amount invested here. If it tanks, I am only out a couple hundred bucks. It would suck to lose everything, but it is nothing I could recover from in a short amount of time. However, if this happens to be the odd one in the rough that hits, we could all have a very good new year coming.
My hope is that Eddie will finally get some news out before the holidays so we all know where we stand and hedge as needed.
Just remember, America was born and made on get-rich-quick schemes and having the balls to stick you neck out is what makes legends out of nobodies.
The above text copied. Credit goes to Sun M
My intention not here to attack DGRI, the whole industry.
Worth reading ...copied (has got nothing to do with PCFG)
Gold penny stocks and gold junior mining stocks are basically gambles that the price of gold will continue to rise, and this would then result in higher profits. However, a consumer needs to realize that even if gold prices were to reach record highs, it is still possible for a mining operation to fail. Commercial operations are subjected to a number of different risks that could individually or collectively cause the company to go bankrupt. Whether there is weather issues or simply trouble locating gold, a mining organization could be forced to close leaving all of the investors with a complete loss.
Multiple investigations by the SEC have determined that many gold penny stocks and junior mining stocks are riddled with fraudulent business practices and non-existent companies. In the modern day gold rush, consumers have been quick to jump on the bandwagon and attempt to make an incredible amount of money with fly by night mining operations. The risks are simply not worth it, and the majority of individuals will lose every bit of their investment in their attempt to invest in gold.
Gold mining companies often sell shares of their stock to investors, but it is necessary to note that these investments do not actually represent any precious metal. The success or failure of the miners is what an individual is investing in, and it is incredibly easy to lose money in these ventures. Gold coins are often considered to be one of the safest investments and is valuable throughout the world, but a stock has no guarantees and is in no way secured by existing gold. Unless an individual is looking for a volatile and risky investment that is likely to lose any money tied up in it, it is advisable to stay away from mining stocks.
Do you know this?
Gold penny stocks and gold junior mining stocks are basically gambles that the price of gold will continue to rise, and this would then result in higher profits. However, a consumer needs to realize that even if gold prices were to reach record highs, it is still possible for a mining operation to fail. Commercial operations are subjected to a number of different risks that could individually or collectively cause the company to go bankrupt. Whether there is weather issues or simply trouble locating gold, a mining organization could be forced to close leaving all of the investors with a complete loss.
Multiple investigations by the SEC have determined that many gold penny stocks and junior mining stocks are riddled with fraudulent business practices and non-existent companies. In the modern day gold rush, consumers have been quick to jump on the bandwagon and attempt to make an incredible amount of money with fly by night mining operations. The risks are simply not worth it, and the majority of individuals will lose every bit of their investment in their attempt to invest in gold.
Gold mining companies often sell shares of their stock to investors, but it is necessary to note that these investments do not actually represent any precious metal. The success or failure of the miners is what an individual is investing in, and it is incredibly easy to lose money in these ventures. Gold coins are often considered to be one of the safest investments and is valuable throughout the world, but a stock has no guarantees and is in no way secured by existing gold. Unless an individual is looking for a volatile and risky investment that is likely to lose any money tied up in it, it is advisable to stay away from mining stocks.
Gold penny stocks and gold junior mining stocks are basically gambles that the price of gold will continue to rise, and this would then result in higher profits. However, a consumer needs to realize that even if gold prices were to reach record highs, it is still possible for a mining operation to fail. Commercial operations are subjected to a number of different risks that could individually or collectively cause the company to go bankrupt. Whether there is weather issues or simply trouble locating gold, a mining organization could be forced to close leaving all of the investors with a complete loss.
Multiple investigations by the SEC have determined that many gold penny stocks and junior mining stocks are riddled with fraudulent business practices and non-existent companies. In the modern day gold rush, consumers have been quick to jump on the bandwagon and attempt to make an incredible amount of money with fly by night mining operations. The risks are simply not worth it, and the majority of individuals will lose every bit of their investment in their attempt to invest in gold.
Gold mining companies often sell shares of their stock to investors, but it is necessary to note that these investments do not actually represent any precious metal. The success or failure of the miners is what an individual is investing in, and it is incredibly easy to lose money in these ventures. Gold coins are often considered to be one of the safest investments and is valuable throughout the world, but a stock has no guarantees and is in no way secured by existing gold. Unless an individual is looking for a volatile and risky investment that is likely to lose any money tied up in it, it is advisable to stay away from mining stocks.
5 Reasons Why Gold’s still a Buy. cpoied
* The U.S. dollar is weakening. That makes the precious metal, typically denominated in dollars, cheaper to buy in other currencies. (Euro-denominated investors think gold still looks cheap.) Gold traditionally rallies as the dollar falls.
* Inflation fears. Only a few months ago, Bernanke was openly fretting about the possibility of higher inflation – and saying the Fed’s bias was toward tightening rates. Yet he has cut rates dramatically to lessen the credit crunch resulting from a meltdown in mortgage-based securities. Needless to say, the Fed’s action was inflationary. And gold is an excellent inflation hedge.
* Emergence of China and India. A flourishing middle class in both emerging giants is increasing the demand for gold. (Jewelry fabrication was up more than 50% in India alone last year.) People everywhere want gold watches, gold coins and gold wedding bands.
* Supply constraints. Around the world, discovery rates are falling. Mines are being depleted and mining companies are producing lower grade base metals.
* Geopolitical instability. There are plenty of hotspots around the world today. But gold is viewed as a safe haven during times of political or economic calamity.
PCFG Uptrend
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, PCFG scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Friday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending November 6th
+30 New 3 Month High in November
+75 Total Score
http://quotes.ino.com/chart/history.gif?s=NASDAQ_PCFG&t=f&v=d6&a1=10&a2=20&a3=50&size=30
I am confident PCFG will keep busting its move next week and the charts are showing for some exceptional upside room from this point onwards. This stock is an absolute steal at these prices. I believe we will see much higher regardless of wether its weeks or months ahead; it will be one you wouldn't want to miss,at these low prices. However, PCFG will continue to trade sideways until production news is out
The market makers have a tendency to pull on the heart strings of us common investors. They have over a million shares short and they might be driving the price down to cover. Maybe pull out all the stops to take it back up later. There have been big open market sell orders to the tune of about 89,000 shares and 34,000 shares to try and drop the price. Then, when they want to keep the price trapped, there is a limit sell order for like 25,000 shares and a similar amount of shares put on the bid at a penny less and it holds there while they accumulate. This is all my opinion, but they are trying to get people emotionally involved and trigger panic selling.
We small investors don't make the market. so don't worry!! hedgies are behind PCFG. they know what they have to do in due course of time! relax and enjoy our precious weekend...........
god bless you! what else i can say
coz we are impatient!!!
hey daniel, ask them to issue 8K on the acqusition of Allied. This is pinkyland, PR alone does not help to keep faith.
The market makers have a tendency to pull on the heart strings of us common investors. They have over a million shares short and they might be driving the price down to cover. Maybe pull out all the stops to take it back up later. There have been big open market sell orders to the tune of about 89,000 shares and 34,000 shares to try and drop the price. Then, when they want to keep the price trapped, there is a limit sell order for like 25,000 shares and a similar amount of shares put on the bid at a penny less and it holds there while they accumulate. This is all my opinion, but they are trying to get people emotionally involved and trigger panic selling.
why gold mining investment now? copied
Fellow Resource Prospector,
The Federal Government is even more clueless than I previously suspected.
I’m speaking specifically about a White House commission’s Federal Deficit Reduction plan.
Surprisingly, the White House released this plan earlier this week.
I say “surprisingly” because the plan is so weak, so obviously ineffective - that anyone with the intellectual capacity to know how to read should be completely outraged at this plan.
They should have never let this plan see the light of day.
The Wall Street Journal outlined the underlying problem implicit to this plan:
“Overall, the plan would hold down the growth of the federal debt by roughly $3.8 trillion by 2020, or about half of the $7.7 trillion by which the debt would have otherwise grown by that year, according to commission staff. The current national debt is about $13.7 trillion.”
In other words, the plan to reduce the deficit does not reduce the deficit. It just reduces the amount the deficit would have grown.
Instead of $20.4 trillion, the deficit will be $16.5 trillion, according to government estimates.
day traders killing the move!
I already slapped ask twice today
nice to see PCFGers are still alive.
it might close above .06. shorters know production news might come anytime. shorters usually don't like to take home stress/headache during weekend!! will try to cover on FRIDAY