I can't help but think there was a concerted pump and dump going on from 1.40 onwards late this afternoon, hence the sudden drop from its high back to 1.37. Could be some shorts taking position in anticipation of an expected downturn in the US if unemployment figures dissapoint tonight, hence my earlier precautions, Mind you the way the market is at the moment, the Dow is just as likely to be green and there could be some short covering in the morning which could create another upward breakout. I think a lot of money is moving to commodities in light of the falling USD, which explains BHP, RIO and FMG's stellar run this week, maybe MGX is just catching up.
MGX Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
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