gold at $1484 an ounce and mco!

Thanks to MCO's band of intrepid followers and not the company may i add, MCO is likely to be the lowest price gold producer in Australia at under $300 an ounce. Add that to the fact gold closed Saturday at $1484 an ounce and you have a margin any other company would die for.
However one hurdle remains before MCO shareholders truely have a safe haven from the coming storm.
Gold shares must divorce themselves from the rest of the sharemarket which is inevitably heading for a crash rivalling the 1930's as the debt binge of the last 40 years gets washed out of the system.
On that front MCO shareholders can draw some comfort.
Then the world's largest gold producer's Homestake increased 7-fold in value while shares in general lost 90 per cent of their pre-1928 peak value.