You know my drill as a trader, sell resistance buy support. Support is 4 and resistance is 4.12. I expect support to break at 4 so that is where I'm placing my bet, with a tight stop. Likely target around 3.50 or lower. Good luck to all long and short.
See the below story link.
Contrary to what a lot of these "turd world" governments put out pr wise, the reality is that their PRECIOUS METAL PRODUCTION IS PLUMMETING - just at a time when the world economies are surging! GO SWC!
I am also a day-trader and I bought 2,000 more PAL shares on Friday with the profit from short selling TIE and covering.
But I would not short PAL even if I could because the US Dollar is bound to drop sharply. I can't short stocks under $5.00 even if it is a "Great short at 3.99".
I think you have been lured in. Pt is rising. The strong dollar just means whoever wants to cash in to dollar gains has to buy something real that's inversive to the dollar and gold is getting bought by Europeans in a serious way. No one believes in their own currency.......the Japanese want the Euros......yen is crap to them. US investors want foreign currencies, materials backed......USD is crap to them. In Europe they want the dollar, nothing like US stability, wow.......freedom huh.......took their brightest and bravest.......yeah. So what happens when the "other people's currencies lose faith.......nothing left but commodities. Something real that isn't warped out financially with debt. All bonds are debt. Mortgage backed securities......pure unsecured debt. How is 4o cents on the dollar "secure". That RE was used to borrow more to loan out more to value and secure more debt. It's blown up 40 to 1 leverage............ALL CONTRACTING AT AN EXPONENTIAL RATE............reverse Keynesianism.......pull out $1000 and it sucks out $10,000.............that's $1000 ten times. Markets can't handle that without the power of the printing press and so the NY FED is top dog.......because that printing press creates stability.........progressive inflation is like a warm shower for halfway frozen people in the artic.