Thanks primed 24. I always enjoy your views. One small correction, please. My words in my post were "I have not known Del to exagerate." I didn't ask if Del was exagerating.
In the coming 1-3- months, If the stock markets are to decline a fair amount, as many predict, the possibility exists that precious metals, the mining shares, and commodities will do likewise. Today was but an example of that temporary symbiotic relationship, PEM included. Many miners and explorers have declined in the face of their own good news. Perhaps much will depend on the US Federal Reserves announcement in a couple of days about a QE-3, operation twist, or whatever, and the markets reaction to what is said or not said.
In the Fall of 2008 through early March 2009 the US stock markets declined. However, the precious metals and mining shares bottomed almost 3 months earlier in December as a safe haven fear trade. I would expect the same to happen again, probably more quickly, this time around, if we see some semblance of a repeat of what happened 3 years ago. The institutional shareholders likely won't all toss their shares off the cliff with wild abandon. Instead, most will likely try to catch more and cheaper shares. If PEM does decline more it may be the best, short lived, and last buying opportunity for cheap shares. Thereafter, I believe the metal and the mining shares will not disappoint. When gold gets back up to and surpasses it's recent highs, I think the share prices will catapult upwards by a much more significant degree. Some people have been selling. Others have been buying. I, like primed 24, hope to be at the bottom of that cliff with a basket in hand catching a few bargain priced PEM shares as they get tossed over the abyss.