I don't know if reality is setting in yet with many people who are dismayed the predictions of its ''really cheap'' and ''going much higher''or ''its going to the next level''didn't come to pass[nobody considers that the ''next level'' might be down]Being a contrarian that sentiment is often a pretty good indicator the market or that stock has peaked, at is heading for a crash[check the postings, volume and the chart]
I am well aware this is unthinkable herecy to the penny stock gold speculators but the much anticipated ''big bounce back''appears to be elusive,and the Price of Gold might be headed lower and stay lower before its goes up again[we have already seen an abortive move up-which fizzled,there could be several]-and that phase could be years away...in the meantime the bills have to be paid, and this consolidation phase will sort out the marginal operations.Where PTQ will end up is anybodies guess, my thinking is it will be sold for its strategic land value to FQ not its low grade gold reserves that attract the speculators attention.I think their gravel deposits will provide a far more stable income to keep the compnay afloat.Copper has more industrial value than Gold and tends to be valued more on actual need than the typical gold bugs ''its gotta go up''sentiment
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