Pretivm Resources Inc. (PVG)

[123tom]

So what exactly is this volatile price action in the last 2 days.....

a big surge pop on friday to the 7.43 resistance/shoulder zone.....followed today by an equal collapse right back down..... it does this in that resistance 'rollover' zone I described for the last 2 weeks. it does this as gold and GDX gets hammered down to begin september "buying season" gotta like that silly propaganda game.... those old patterns just might not mean anything anymore. sell in may and go away, the fall buying season.... dollar rises gold goes down, etc etc ...its all rigged in some other way now. news does not matter. they just use 'news' as a foil to make it look real. the only decision is whether its better to buy gold at 1200 instead of buying more at 1400, or 1300. PVG at 6 instead of 7, or 7 instead of 8. selling at 13 or selling some at 10. buying some silver or buying some gold. or buying both.

The current PVG chart pattern remains the same, Rallying back into the resistance zone at the shoulder 7.45 area, and looking to "rollover" and retest the 6 dollar zone ,starting with a retest of 6.50


UNLESS..... the last swing low at 6.75 HOLDS support, and bounces back into bullish rally patterns.