head & shoulders?, page-79

haspete

If we see $2.34 it will mean we are in GFC2.

I have no objection to seeing MML at that level because I would be a buyer, but it really does not look likely unless there are country risks that become evident.

$3.60 is a possibility IMO during a market panic.

I think a lot of the selling in many of the goldie producers is simply goldie funds having to sell because investors are redeeming their funds and traders knowing this are simply shorting the shares. It has been a great one way bet for traders for several months. To reverse that trend we need the POG to trend higher and/or costs to stabilise/fall for the goldies.

loki