Right now is BEST and WORST time to be in stocks, and gold, and therefore PGI... BEST: 1. Fiat currencies will burn up and you can't store wealth in ash, crumbling currencies, nor in the zeros the central banks add to the digits when they transfer billions (QE) 2. Gold has always been the final stop. 3. An improved technically challenging method (Albion) could be mini-game changer.
WORST 1. There are lots of sophisticated and desperate Traders, all sorts, trying to save their skin in a cruel Bull Market. 2. BOTS and Funds and Insiders. The usual crew out to rip you off with dastardly tricks. The 1 and 2 will ramp up, short, what ever it takes to stay in the game. I have a day job, therefore I have time to sit the next 6 weeks out. 3. The Wool over the Muppets Eyes. The Financial markets are in a deeply confused state (or I'm the most confused!!!) and can't value anything correctly. This is the classic stock market condition - buy in gloom, sell in boom. We are in gloom. Pre-2007, PGI would be trading sky high. These days, most investors are like an OLD WOMAN. 4. PGI is far, far away, relying on imported parts, in a possibly tops turvy land. A few more things CAN AND WILL GO WRONG (Murphy's Law).
PGI Price at posting:
11.5¢ Sentiment: LT Buy Disclosure: Held
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