Pacific Gold Corp fka PCFG

[Kurupt]

This was an interesting PR that was put out a couple months back and got me attracted to PCFG:

Pilot Metals holds a purchase option on Project W from PCFG's subsidiary Pilot Mountain Resources until September 2013. Pilot Metals plans for 2012 include a drilling program, resource calculation, metallurgy study and a scoping study.

PCFG management believes that Project W results received by Pilot Metals, to date, have been equal to or exceeding historical reports prepared regarding Project W resources.

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Long Gold Miners/Short S&P 500 ETF Pairs Trade
August 31, 2012 | 10 comments | about: GDX, includes: GGGG, GLD, IAU, IVV, SH, SPY, VOO

Gold and Silver miners have for many months been trading at a healthy discount to the NAV of their reserves. Although the optionality provided by a long position in a miner should be worth something (since a rising gold price ought to create a disproportionate increase in the stock through operating leverage while if gold falls to unprofitable levels they can simply stop digging), the market continues to price the sector at a discount. One obvious move is to buy the Gold Miners ETF (GDX) and short gold itself (GLD). However, this means simply betting on a reversion to the mean of the relationship, and there's no knowing when that might happen.

Instead, long GDX and short S&P 500 is an interesting trade. Gold is out of favor and a short position isn't likely to provide much protection from here.


http://seekingalpha.com/article/840631-long-gold-miners-short-s-p-500-etf-pairs-trade

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