David25
"I have been told by others that BHP is closing mines which is what you do in a recession."
If BHP are closing mines it would be news, haven't seen anything.
A recession in the near future is also highly speculative. The debt crisis around the world will eventually unfold, creating serious economic slowdown but its speculative as to when that will happen. In the meantime they'll continue to print money to prop it up. The more money printing the more pressure for gold to head up.
It also needs to be kept in mind gold is mostly going up because its a monetary hedge, not because of its industrial demand. Its certain gold will crash along with everything else but whats not certain it will stay down there for the duration with everything else.
Really feel for holders here. I'm lucky I only put a few pennies in but have been in this position before so can sympathize. I certainly wouldn't be counting your losses just yet though. Its very possible MM will be a substantial producer and still plenty of money in the bank.
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$1.89 |
Change
-0.045(2.33%) |
Mkt cap ! $2.162B |
Open | High | Low | Value | Volume |
$1.94 | $1.94 | $1.88 | $7.821M | 4.113M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 89751 | $1.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.91 | 14263 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15000 | 1.885 |
3 | 23840 | 1.880 |
1 | 3014 | 1.875 |
4 | 16068 | 1.870 |
1 | 3014 | 1.865 |
Price($) | Vol. | No. |
---|---|---|
1.905 | 6914 | 2 |
1.910 | 12332 | 2 |
1.915 | 3014 | 1 |
1.920 | 3014 | 1 |
1.925 | 3014 | 1 |
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