As expected, pzg is tanking. It didn't close even once over 1.63 except in aftermarket. We have a huge head and shoulders in place now, and the shorts are piling on . IT's called buy the rumor, sell the news.

This time it may go below $1. I will give a target in a few days.

There's plenty of meanness in this forum but not much knowledge about stock trading. The haters have been put on ignore, so I will keep posting for awhile if there is interest. All of my posts are here now and earlier on stockhouse. You can read them and see that I have been pretty accurate on price so far but not timing. My first public prediction was for a first target correction low of .88, and the final low was .89. My next prediction in the next correction was for a first target low of 1.15 and the low was 1.17. You can't do much better than that except my timing needs improvement . I suggested last fri that pzg needs to go lower still, and that appears accurate at the moment.

People seem to think the Russell index is an etf or mutual fund when neither of those is true. The russell index is just like the dow, nasdaq, a non-tradeable composite of stocks. There are tradeable offshoots of all the indexes which track their performance called etf, etn, etc. None of these vehicles has any longterm positve effect on the price of their included stocks , imo. Each stock is traded and manipulated on its own merit and vulnerability. If one buys the russell etf , then one is buying all 3000 stocks in the fund. How much effect can that have on only one of those stocks? And buyers of the etf may are not buying pzg directly which could actually decrease the amount of funds available to pzg.

Pzg is a good company and will trade at new highs at some point, but that point appears not to be now or the near future, imo.

The goldminerpulse report was interesting. It showed that 98% of pzg resources are only INFERRED. This is the lowest category of resource. Blackmont valued pzg at 1.50 silver oz in the ground when silver was $17. At silver $14, using the same valuation, we get a pzg share value of approx 2.00 usd......which is close to where it just topped out and gold/silver are still in correction mode.


The buyins report shows illegal naked shorting, but these shorts know that and don't care and neither does the sec.
With a close today below 1.63, the price should accelerate to the downside tomorrow, imo.