Thanks BobBishop, reasonable comments on the global economy in my view. I have traded gold professionally for 15 years & I have to disagree with CS view. Yes we will see a flow out of gold as we are as the perception on other markets recovers, however I think this will be short term & equity markets in the US particularly are looking over valued in my view. China has just started buying into gold & it wont be long before they replace India as the largest consumer by some way. Gold should form a base $1550 & move higher. I am confident we will see it back in the 1800s this year if not even new highs. As for MYG compare it to MOY with a market cap of $109M & that's in the current environment. MYG is a much better project with grades you can't even compare. At the same stage MYG should have a market cap of $250M IMO
MYG Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held
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