I agree, poor share price performance from MUN given where the price of gold is. A good time to buy more IMO, I have held this stock for over 2 years and I'll probably hold right through to full production in 2013, should be worth more than 35.5 cents by then... I think the fall in the USD in the coming months will spark more gold interest...
Something else to note, if the USD keeps falling and other currencies become more expensive wouldn't that put pressure on the other major currencies to devalue against the USD (it has happened before), causing the relative price of gold to rise, thus increasing gold producer's profitability?
Something to watch out for I guess, any thoughts anyone? Agree/disagree?
MUN Price at posting:
35.6¢ Sentiment: Hold Disclosure: Held