things started to happen as H2 draws to a start and THREE...

things started to happen as H2 draws to a start and THREE resource definition programs are about to begin.

Like the rest of my portfolio, I am loaded on core held for the "result", and now waiting for the market to confirm techno-pivotal breakouts so can follow-up with the trading parcels ...... usual MO which has kept me out of trouble in the main thru the GORM Megabear which looks to be entering its final primary stage to end 2012/early 2013 time conclusion .... havent budged from original calls set in my July 1+ posts of 2005.

I guess given the way the global politicos, bankers and other pirates have taken us to the brink, I have diligently maintained what I consider a "balanced" portfolio to suit the times, retaining sufficient liquidity able to "trade" market swings to minimise holding costs of core.

IMO PGM has grossly underperformed the broader gold sector, given that it is as much a gold stock as a pgms play, espesh with focus about to start on upgrading the current 6 million ounce gold core within the Skaergaard precious metals mega-resource. PGM looks like a sitting duck to a predator with vision in the mid term for mine, espesh given the 20% strategic holding by Kaplan's Panthera Palladium, mates with Soros and Paulsen. And reckon they will all be closely watching over next 6 months of scheduled programs about to kickstart in H2 ... next month. We only need some "global" interest and re-rating bcan be multiples on modest success ... IMO.

Nevertheless it had a bit of techno "work" to do at the last issue price 25c and now inside the 25-33 pivotal resistance range but which it looks to be just about completing in time and price and decreasing liquidity.

And since I expect a slingshot move once it breaks outa its looong base / cup-rim thru 33+, with significant upside tech targets beckoning, have to admit guilt in also sniping at a few extra options which can very quickly come into focus once the dance begins.

So yeah, let the dance begin whenever, soon I hope, cos I have been practising my steps and already bought my new outfit.

One thing I must add tho, I am a little embarrassed by the fact that thru her inaction, PGM has slipped to my # 2 golden ranking, as emerging Indonesian producer recently whizzed past. Maybe its good we have a pacemaker as well now haha.

I guess all surviving "long term ?nvestors" (if there are still any in today's world) are passively waiting as I for positive SIGNS of technical momentum build-up to support the excellent fundamentals which market continues to ignore here. But with USD and AUD GOLD price knocking on the floodgates of uncharted waters for bluesky breakouts, then u have to remain positive about PGM representing one of the outstanding reward / risk proxies to Fiat paper burn currently in progress.

PGM remains the definitive golden insurance policy to paper burn, tho u wouldn't guess so by the current doldrums.

IMBOOC