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Paramount Gold Nevada Corp. Message Board

  • richardnlewin richardnlewin Mar 4, 2013 2:13 PM Flag

    Sand and Pzg

    I'm down both on Pzg and sand (much bigger hit on sand). For some reason I am holding both but losing patience. Any near term catalyst for either stock. The pea did nothing for Pzg. Anything else I'm missing before I bail out.

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    • Responsibility for due diligence is yours. Asking the board is establishing an excuse for failure.

      Sentiment: Strong Buy

    • monarch6500 Mar 4, 2013 3:42 PM Flag

      8 million share option due to be completed Mar 8 or thereabouts.
      Funds shorted on newa and now need to cover.
      Silver is 55 to 1 with gold. 17 is historic norm.
      PEAs show fair value at 10 thus now currently selling at 20% of fair value.
      Central banks have been buyers of gold to offset fiat currency debasements.
      Why would they buy at 1650+ last year and sell now?
      Silver has 200 paper ounces for every one real ounce per kitco contributors.
      Talking heads on TV telling everyone to sell gold and to buy metal puts.
      China Gold and Silver Exchange Society (which bought LME) is opening new Silver warehouse in Qianhai in Q1.
      Net usage of silver should indicate constant purchases of silver for industral usage.
      International debt problems are still not solved.
      Why sell near the bottom unless you need to for tax purposes or margin call.
      I am sure that there are many more.

    • Sry buddy..either wait for the sector to come back or bail now...Its gonna be a few months more at least.

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