Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
just picked up more!!! This is looking great!
Well Folks, Im out of this one, had one good run, been holding on too long and lost way too much money on the way down, will just have to write it off, GL too everyone here!! Maybee ill be back if the CEO ever gets his stuff together!! CAO
on board with a few millies, GLTA
Agreed Level 2 looking great pre market!! sitting on a huge pile of shares waiting on things too come here!! Things are looking great!!
Small-Cap Gold Miners Offer Upside
02/18/10 - 08:39 AM EST
http://www.thestreet.com/story/10684032/1/small-cap-gold-miners-offer-upside.html?puc=_tscrss
Gold to hit $1,350 - $1,400 by late Spring - John Embry
Speaking on the Mineweb Gold Weekly Podcast, Sprott Asset Management's chief investment strategist says while the yellow metal is likely to continue to consolidate over the next few weeks, the next major move will be up.
Geoff Candy
Wednesday, February 3, 2010
www.mineweb.com
GRONINGEN -
Gold should continue to consolidate over the next few weeks but, the next big move is likely to be up.
This is the view of Sprott Asset Management's chief investment strategist John Embry, who says he is looking for the price of the yellow metal to hit around $1,350 to $1,400 by late spring.
Speaking on the inaugural Mineweb Gold Weekly Podcast, Embry says the recent downward trend seen in the gold price is nothing more than a healthy correction.
"Gold had a 300 dollar plus run in US dollars from July into the early part of December and it has come under heavy pressure subsequently. It certainly has engendered immense bearishness amongst the commentators which is actually good from my perspective. I think the fundamentals are undisturbed and as a result it is setting up for another strong buy."
Asked about the link between gold and the US dollar, especially the recent strengthening of the dollar against the euro, Embry, says, while there is often a very clear link, the problems in the US and, by extension, the US dollar, are everywhere - especially given the huge budget deficit it is sitting with - so "the idea that one should run away from gold and into the US dollar because it is strengthening against the euro and several other currencies to me is actually preposterous.
"The idea that the US dollar is a safe haven today is flat out wrong," he added, "and that is going to be one of the major factors that are going to change the perceptions in the gold market going forward."
Another reason for Embry's conviction about bullion's next move, is the increasing role gold will play as a protection against monetary debasement.
"I think a lot of the world's wealth is figuring out that we have little choice given the debt problems in the world and the resultant unlimited creation of money and so I think there is a solid investment bid in the market for gold."
He adds, that concerns that have been raised about the possible impact the jewellery market is likely to have on the long term rise of gold because, he says, "All great bull markets in precious metals come from their reestablishment as money."
nice pickup bud!
DIAMONDS, GOLD, URANIUM, AND OTHER PRECIOUS MEDALS, NEED I SAY MORE, I saw some where there is alott of predictions that gold will hit 5k an ounce by 2012, that would be amazing, how many days has it been since the 120 days of starting the projects, they should be almost done by now...
check out SGCP, it ran off pure speculation, from .001 to .009, it had about the same OS too,
lol, pranksters toying with us
or hardly trying, very low share wacks means someone just trying to paint it down at the close, lol no one is getting 9`s imo, better start buying at .001 if you want to be on this train, lol
yes news would be great, but fluff news will do nothing but kill any chance of a great run, i would rather wait on solid news to come, financials then news, this company seems to not like to fluff around. It wouldnt hurt to be alittle more transparent though lol
.001x.0011 1x3
looks like selling starting to dry up a little, got some nice ask slappage going on, bid building up nice at .0009 5x2. stock is screaming oversold and looking to turn up soon imo.
chart looks good for a reversal
peeps are scraight dumpin this POS i think ima hold though, wouldnt wanna miss the pop, impateint peeps just putting money in my pocket, thanks!!
nice pick up!!
shares are very tight, took me awhile to get some thirteens!!
LOL or it could have the 2m i just picked up at the ask!!
I think its just MM`S trading back and forth, becasue there is no bid or ask so you cant personally trade it.
Because this is a PINKY stock, flat and simple you should NEVER invest in a pinky only trade them, most if not all of them are POS, just like this one is... all my opinion of course!!
This was a good stock until David Walters took over and then to top it off a christmas present of 5b more shares in the pot, thats all i needed to liquidate my position here, i hope all the longs make it big!!
correct! but if your buying at the bid, and the buyers at the bid run out, what happens next,, you gotta bunch of bagholders at .0001, This will be back to No Bid before you know it, cuz nobody thinks this is worth .0002, soo anyways im out of this pig, held for way too long as it is! GLTA cia
I highly doubt that , 487m in sells, not one buy showing up on the tape, if your sitting the bid and picking up ones, your not helping it run, lol
177m all sells, sounds like they are taking advantage of the new 10b increase
yea, i got out yesterday when it broke and closed under the 50MA will wait untill it finds a new bottom. looks like .0011 is a nice solid support.
Merry Christmas from KUWAIT all PMDP`ers
just picked up another 2m at the ask, looks solid here, bounce coming up soon!
a doji is a signal of indecision in the market, usually triggers a reversal, in other words it usually signals the end of the current trend its in, in the case of PMDP it looks to be signaling a reversal from the recent down trend, deffinitly holding at the bottom here.
Stocks dont magically move on their on, gonna need some buying pressure if its gonna move lol, any news in the works, i thought some contract news with revenues was on the way, anyone know the time frame/??
WOW, great prediction!!! what a doushe
got me some of those 16`s!! this is setting up nicely
lol, i was like WTF, not sure it was an actuall trade as their is no bid or ask, but still looks good in my account, maybe shes showing signs of coming back to life??!! :)