Hi EvensHopefully we can look back sometime down the track and...

Hi Evens

Hopefully we can look back sometime down the track and think "Wow... PMI Gold has come a long way from the days of 73c (or 60c if it gets that low)... what a stock!" I suspect though it could be a fair way off.

Its hard to even accept that the share price is where it is right now. Here we are in the so-called "lucky country" and you, Evens, in the beautiful and productive land of Bavaria, feeling down in the dumps! Its just not right or fair. We (the company shareholders of the world) are suffering due to the financial and moral irresponsibilities of others.

I cant see there being a miraculous recovering in PMI's sp or any other stock on the market in general, without a huge bailout of Greece and Spain. It naturally goes against the grain of Merkel to want to inflate their way out of this problem by printing more money. Germany has experienced an era of hyper-inflation before and knows the ramifications.

Bernanke and that mob are most likely playing the waiting game before they inject more liquidity. QE3 to the rescue, but only when the markets have totally cracked again. Of course, with that the price of gold will shoot skywards. In the meantime, though, it will drop as the EURO drops and the USD goes up. Not much hope, in my opinion of things improving from here (early June 2012), except for the possibility of a short term correction. Medium to longterm outlook, quite grim really. Thats just my take on it, simply because the problems are not being definitively resolved... they are just too big now. I could be wrong, and they can find a way to "kick can along a bit further" and we rally for an extended period... but the markets are onto that bandaid job and quickly sell into rallies now.

Sorry for the gloom and doom, guys. Just being realistic. However, PMI Gold has 4.3 million ounces of the precious stuff... and thats got to count for something. At least it will when liquidity returns to the markets and / or the deflationary enviroment turns inflationary. Remember, there's always the flipside to all situations... pros and cons of buying now or selling now or even holding now. Ahh, we have returned to the casino once again...

Cheers - Shell