RE: This will turn23 Oct 2020 12:14
In these uncertain times the share price certainly could turn, hopefully for the better as I have a significant holding; however, should the DXY regain strength and the price of gold (POG) decline, PUR would most likely decline as it is well priced for an explorer, (I think production might even be priced in to an extent as markets are always forward looking). With an election just round the corner, Covid 19 still spreading and the stock markets (particularly USA) looking top heavy there is much uncertainty in the markets and markets do not like uncertainty. Therefore, short term, I am sure the volatility will continue and the POG may drop significantly but long term I am sure that the bull market in gold will resume when the future looks more certain. I offer the following only as food for thought as it might interest some folks. I have invested in STX as a hedge against things not working out as hoped for with PUR. Like PUR , STX has a lot of upward potential and much of that potential could be achieved before year end. The STX price has fluctuated much the same as PUR even tho' they are in completely different sectors but, in my humble opinion, STX being in healthcare might just be less of a risk. I always worry when I see folks mentioning Sprott and Rick Rule; they may well be experts in the trade but it is also their business to get people invested in precious metals. I believe Eric Sprott has admitted that he is no longer an investor but a speculator; there again he has made his fortune and can well afford to speculate! Good luck to all who stay in PUR through to production, I certainly will.