Very interesting that we got today a first attempt at 14 cts, which seems to be sort of Maginot Line for Matsa. Worldwide the gold-price development till mid august should be decisive: Hedgefonds USD billionaire Paul Tudor Jones went bullish for gold this week on *****.com with an up to 2 years time frame. Jewish cycle analyst Charles Nenner see uswatchdog.com is buillish from end of July as deflation is pricewise best for gold. A non-australian explorer in that I am in, wants to see 1385 or 1400 USD till mid-august for breakout for explorers. Nevertheless he made a JV with someone that retreats from another political unsafe mining jurisdiction. He too noted that big mining conglomerates start to become agressive to add on ounces even with very early on exploration bets. IN Australia due to better AUD gold prices pigs should fly first on a worldwide level.
MAT Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
