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Peter2004

07/13/06 12:59 PM

#10417 RE: atomictraders #10416

They are not real shoties. They sold their shares without knowing the new rule. I thing we will see much higher because

1. people will buy to cover their unintended short selling
2. To get in the ride to make money that they lost.

PAIM will be running with double horse power.
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makesumgravy

07/13/06 1:21 PM

#10419 RE: atomictraders #10416

Just wait till they begin showing some production numbers. Gold is heading back up. A $1000 an ounce and beyond this is the future rallies. Gold will become the wave of the future along with oil. Paim is in the heart of one of the richest countries of mineral deposits on the planet. Where theses mines are located are at its nucleus. World War 11 and with the government there changing its policies on mining activities stopped it for a long time. Companies from all over the world have now begun mining there. I don't doubt that the surveys done and released in their past PR lack truth of whats there. Gold is a commodity thats been sought after for centuries everyone wants some because it never loses its value. The wealthy are particularly concerned with the US dollar and its lack of real value and the National debt which is soaring into the trillions second by second our debt is accruing charges of interest that are staggering.

In time gold will be harder to find because of its depletion, just like oil. There is allot less of gold to be found than oil. With anything that has real value less supply means more demand. Who knows where gold prices could go in the future. Plantinum will probably look cheap here in 5 years.

What large gold finds left here in the US will probably be on Federal land. A Canadian company several years ago mined allot of it because of some old laws left on the books were able to do it for pennies. Some people in congress were outraged. I would imagine since these really old laws have been changed. They pulled out several billions of gold using the giant equipement and trucks. Legally stole it on Federal land from this country and hauled it back up to Canada..