There has been some excellent two way trade in MAT the past few days - stale bulls getting out and freshh blood getting in.
We have managed to hold the 17/17.5 support and are on the cusp of breaking resistance around the 19/19.5 level on the best volume we have seen in many a month.
However, this is all a prelude to an email I received this morning from Doug Casey.
No, it wasn't a personal email, just a general distribution; although it is particularly pertinent to MAT at this current inflection point IMHO.
Here is the link: Doug Casey on Soon-to-be-Producers
I think the analogy with MAT is most apt, except for the fact that MAT won't have the risk or cost involved of building a plant and I believe the upside will be much greater than the 133% average mentioned in the article.
Enjoy the read!
MAT Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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