Jamwolf, I would hardly call this a cycle. If $1200-1250 breaks & holds below then I would suggest we are in a cyclical downturn otherwise this is just a correction & we then see a massive short covering. Anyone that has been around the gold market long enough has seen these sort of moves before & will again. If MYG can't get off the ground then most gold mines wont which I can't see happening. I just hope they don't rush into an ill advised hedge.
myg share price and gold price - 5 yrs chart, page-37
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