I am no mining expert, so grateful for the recent discussions on mining technicals.
The move from the .07's to the high at .09 is consolidating nicely on low volume. The technicals still look very good. The next move I believe will come prior to any anouncements on the rising gold price, with expectations of massive QE from ALL CB's in early September. Both gold and silver look to be rising from their respective consolidation patterns.
We all tend to try to put out own spin on the future(myself included) but I do suggest that you go back and both read and listen very carefully to what JG is trying to get across to us all.
As there will be no cash issue any time soon, he is telling us to hang in there before the real move comes. There is no need for him to attempt to push the price higher as that is irrelevant to the funders.
I think that we will see gradual appreciation of the price until the reasource upgrade arrives.
MYG Price at posting:
8.3¢ Sentiment: LT Buy Disclosure: Held
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