Pretivm Resources Inc. (PVG)

[tootalljones]

The handwriting is on the wall: time for gold. Most important signal is not merely that it is loathed by the West, but that it has been loathed by funds for 3 years now, enjoying perhaps the lowest levels ever in the fund portfolios for a long time, since the last century, 1999, or perhaps even decades earlier who knows. But .4% for something that "should be" 5 to 10%, probably higher, seems like a tremendous speculation. .....Bear markets are like this: they come down and wash everybody out, all of the bulls, which has happened to john q public and the funds, since 2012...... and then they just sit and grind sideways, going off the radar of everybody, letting natural supply and demand take the excess capacity off of the industry, which it has done. The buzz for the past two years has been the new darling, Crypto currencies, which has also put it's foot on gold's head, keeping it submerged below the water and radars. This means that people buying now have escaped completely the downside for the last several years, either the decline or the dead money years as well.

The setting or risk vs. reward ia favorable now.

never buy what is on the front page of barrons, because the efficient market theory has that one all bought out; always look to page 33, the little mention the little column, with great fundamentals that has been left for dead. I think gold is that "little mention" now.

Guys I respect love gold now, people like Kyle Bass, who has been very very early about gold, and Jeff Grundlach, who has merely been early for about a year or so, and these two have hit grandslams in the past. Top people tend to be early. Grunlach is the top major fund guy in the West year after year give or take. Not exactly a gold zombie to put it mildly.

I figure if there is virtually no downside whatsoever, and everybody in western investor markets shuns it, then the downside is covered, which only leaves the upside.

Here is a guy who called the dollar bull market spot on five years ago, and also was spot on about the gold and commodities bear markets back then. Recently he has become ultra bullish on gold....sensing the seismic shift which will begin slowly......Just another commentator I realize.....http://www.marketanthropology.com/

One thing is that he is not a perennial gold bull, as so many gold people with gold websites are........they are bullish gold four years out of five, their entire lives, prating on endlessly about the benefits of gold. I went through that phase myself. This guy is not like that....fyi..and fwiw. Still, there comes a time. At bottoms virtually every single gold bull is gone, a skeptic about their own shadow, neutered. This is what a major bottom looks like, everybody saying yea yea yea, you are such a loser and you have been saying that for many years. ONly the hard core gold addicts are left, and people within the industry, a minuscule group of interested parties...................Remember another guy, Don Coxe, who has had some major scores over the years, who recently said gold "should be" at least 2000. Again, if he is half wrong, then PVG still goes to the moon, and even now, nobody listens to don coxe........Love the downside being protected at this point. Which pretty much leaves only one direction.