PERSHING GOLD...PGLC Message Board

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Gold/Mining/Energy : PERSHING GOLD...PGLC

PGLC 1.120

+3.7%

Apr 3 5:00 PM EST

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From: IngotWeTrust	4/15/2013 8:04:14 AM
	of 66

Pershing gold seems to be eyeballing the 200day MA, with intent to break it, and with it the latest syndicate bid in the process. Break 40c and the low 30s come into play. Not exactly a warm fuzzy when trying to raise money for 2013 drilling program. Me? I'm standing aside here, and have been since Thurs the 28th of Feb., the last day to get out of CRGC whose primary asset was their 76mil shares of PGLC stock. So happy to have captured a profit. Scanning the horizon for a re-entry point, providing the story holds up. I expect the Nevada Gold genre' to survive this downdraft in PMs. Just don't expect great things from all underfunded entities exploring in Nevada to survive in their present form. Will be interesting to see if there is a wave of either mothballing or consolidations on the horizon due to this PM price downdraft currently feeding on itself.

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