... that on the last day of any downtrend somebody has to be the last person to give away their shares. It is like being last person shot in a war. I guess it has to be somebody.

If my records are correct, we just saw 8 straight days of down or flat trading in PLE. While it isn't a record ... it is in the zone.

And let's see what spooked this poor unfortunate "investor" into action. The gold indexes are up about 4%, Gold itself is up over $25. Hummm

The investment demand for gold is on the absolute cusp of carrying this market off to places unknown. There will be no greater rewards over the next couple of years than that which PM investors achieve. And while PLE isn't without its warts ... this isn't exactly like investing in some some hell hole exploration company that is scratching the ground just south of the arctic circle hoping, beyond hope, that they can find a place to pop a drill hole.

They have been picking gold off the ground in Bolsa for the last couple of years. I say maybe there is good chance there is gold in the ground.

And we are barely playing an "if game" with PLE.

If there is gold,

If they get the approval.

We know there is gold ... the question is how much.

And it isn't really even "if they get approval". We know that approval is forth coming. We are just don't when.

Notwithstanding all of the above. Exactly what isn't going to plan at this point.

PLE is doing exactly what PLE was going to do had the vote been completed a few weeks back. The exploration and targeting are being completed (as they would have). The drilling is not likely to start until late summer early fall (as it would have).

There are no sure things in spec investing ... but you could do a heck of a lot worse than PLE.

So let me wish good luck and goodbye to who ever sold at .135 this morning. I hope you find what you are looking for. I recommend banking shares.

GLTA