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Message: Institutional ownership of Premier Gold More Than Doubles in Three Months

Institutional ownership of Premier Gold More Than Doubles in Three Months

posted on Oct 19, 2008 07:28PM


Institutional holders have more than doubled their holdings in Premier Gold PG.TO in the last three months, according to Reuters.

The funds now own 14.5 mm shares of PG.TO or about 21 percent of the outstanding stock.

http://www.reuters.com/finance/stock...

This corresponds well with the fact that the on-balance volume is showing a nice steady flag, just as with Kodiak Exporation KXL. Both of these gold specs are being accumulaed by smart money, despite and during their recent drubbing in price.

This bodes very well for their future.

http://stockcharts.com/h-sc/ui?s=PG....

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