Must be a sign that most of the weak hands have left the gold miners. Volume passing hands on the down side appears to be thinning up. With a little luck the daytraders will have sold out hoping for PVG to go back to $6.50. Feels good to still be holding my hand eventhough I know it is possible that gold will go down more but these shares are not leaving my account for less than $15, even if I have to wait a year :)
If you are going to buy more, wait until at least Tuesday to see if gold price heads south again, I think gold can hit $1400 (80% chance) or go to $1200 or $1300 (10% chance) before going up again so there will be buying opportunities at lower prices in my opinion, the momentum traders are probably trying to still take profits here after the update so I will not serve them dollars at more than $6.25/share. You have to starve the traders of profit opportunities or they will keep trying to suck liquidity out of the market.
alright fellas, been reading these boards recently but havent had a yahoo account, anyway, ive been in PVG for ages, sold a bit on the way down but im planning to hold it for a long time, atleast till the 11 area, and id only swap it for a more aggressive gold share trade, like NUGT, and just for a few days before going back into PVG which i agree should atleast go to its old range around 15 bucks! I do however think at 8 dollars it gets some resistence and you can try make a little day trade out of it...but i like PVG