Replies to post #20337 on Petaquilla Minerals Ltd. (fka PTQMF)

[VBgood]

You are absolutely correct, physical gold is in a huge demand now, specially in Far East.
In meant time PDI might pick-up some more work:
Reuters) - Italian builder Impregilo said on Thursday Minera Panama has cancelled a contract for the 'Mina del Cobre' project in Panama with a total value of 560 million euros ($732.6 million).The client announced that the entire project is being re-assessed following First Quantum Minerals' acquisition of Inmet Mining Corporation, Impregilo said in a statement.

The project envisaged the construction of service and access roads to the mine which is located some 120 km from Panama City.

The contract was assigned to the joint-venture Impregilo-Salini in January.

[Implanting]

I think with the recent swoon in the POG/POS we're seeing investors unload their "paper PM assets" for physical. I've also read that this shake-out was largely brought on by the Manipulators to replentish the low supplies in the bullion banks.

I would think a much tighter physical supply would be better for a stronger price going forward. So that's good.

I also saw today where the HUI is at the lowest levels seen since the 2008 market crash or when the gold bull market was at 2001 levels. Gold was trading @$300-$400 in 2001. Amazing to think the miners could be down this much.