Shares have becomed so unvalued, sentiment so bearish (could get worse - the circle i placed i reaction is where we are heading) then we will have an excellent reserval. When ? is the question. My bet H2 of 2012.
Maybe another 10-20% downside left ? Either way - why sell now ? Ive been a buyer and now will wait to see Gold's reaction. If we dip in a deflationary scary before easing - I'd buy more. This will make many people some serious cash imo. If you look, there is 100% moves in the index vs gold after serious lags. I dont think we will see 2008 crash.
What i like about all this, MYG is set it self up for a run H2 with positive results (dfs, finance, WW start mining, upgrade etc) for the next up leg with Gold stocks.
Dont lose faith is my call.
Fbx
capper is in, page-66
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Last
80.5¢ |
Change
0.005(0.63%) |
Mkt cap ! $73.63M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.0¢ | 79.5¢ | $53.19K | 65.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2525 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 10675 | 1 |
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| Last trade - 15.50pm 27/09/2024 (20 minute delay) ? |
| MYG (ASX) Chart |