$PSGR Hurricanes and more hurricanes!!!! The SPOT
Post# of 1537
(Total Views: 1348)
Posted On: 09/05/2017 1:34:44 PM
$PSGR Hurricanes and more hurricanes!!!! The SPOT MARKET precious metals market is starting to show price increases. Silver and Gold are on a nice upwards path, nothing extreme, just a slow steady increase in price per ounce. I have not reviewed share prices for the mining companies that produce the precious metals but presume that their share prices have also shown small increases in share price.
The GOOD NEWS with increases in Precious Metals prices is that production becomes more attractive and viable to the SMALL PRODUCER. One has to think that Pershing Resources will have access to more funds to further develop its claims/mines. Gold is over $1300.00/OZ and Silver is sitting around $18.00/OZ on this morning's Spot. This is a long way from a year or two ago when Gold was just over $1000.00/OZ and Silver was selling for less than $14.00/OZ. Additionally, with the current World Events looking very unsettled over North Korea, Precious Metals are becoming more and more attractive to investors.
The BAD NEWS is that there has been no indication from Pershing Resources that any mine (Precious Metals) production will occur anytime soon. However, investors can still point to and feel comforted by an earlier Pershing Resources Press Release that suggested mining operations could begin next year. The roadway into the Kingman mine location will be completed and, one can hope, that the equipment and personnel will be in place no later than next Summer. These actions may well prove to be the catalyst to start a financially successful Precious Metals mining operation that benefits from the current interest in precious metals acquisition by investors.
Remember IF you are thinking about investing in ANY stock, take a few moments and research the company. The information is on the Web. Do NOT invest funds that you can not afford to lose. Think of the Penny Stock Market as a giant Casino. The chances that you will strike it rich are minimal. Think, research, check with friends & family, follow the various stock boards/blogs....DUE DILIGENCE!!! Invest only that which you can afford to lose and then enjoy the Ups & Downs of your choice. Like a Slot Machine, sometimes the fun is just sitting there, watching other people, and pulling the lever even though you know you will lose.
The GOOD NEWS with increases in Precious Metals prices is that production becomes more attractive and viable to the SMALL PRODUCER. One has to think that Pershing Resources will have access to more funds to further develop its claims/mines. Gold is over $1300.00/OZ and Silver is sitting around $18.00/OZ on this morning's Spot. This is a long way from a year or two ago when Gold was just over $1000.00/OZ and Silver was selling for less than $14.00/OZ. Additionally, with the current World Events looking very unsettled over North Korea, Precious Metals are becoming more and more attractive to investors.
The BAD NEWS is that there has been no indication from Pershing Resources that any mine (Precious Metals) production will occur anytime soon. However, investors can still point to and feel comforted by an earlier Pershing Resources Press Release that suggested mining operations could begin next year. The roadway into the Kingman mine location will be completed and, one can hope, that the equipment and personnel will be in place no later than next Summer. These actions may well prove to be the catalyst to start a financially successful Precious Metals mining operation that benefits from the current interest in precious metals acquisition by investors.
Remember IF you are thinking about investing in ANY stock, take a few moments and research the company. The information is on the Web. Do NOT invest funds that you can not afford to lose. Think of the Penny Stock Market as a giant Casino. The chances that you will strike it rich are minimal. Think, research, check with friends & family, follow the various stock boards/blogs....DUE DILIGENCE!!! Invest only that which you can afford to lose and then enjoy the Ups & Downs of your choice. Like a Slot Machine, sometimes the fun is just sitting there, watching other people, and pulling the lever even though you know you will lose.
(0)
(0)