Metanor Resources MEAOD

RE:Buy gold, Greenspan says, fearing “turmoil” from Fed’s QE ex

[btrevorb]

Allen sat down and talked about his years ago, same thing "One day gold will increase in value as monetary policy devalues the dollar"

Only trouble is most gold producers will be on their knees by then, "supply and demand will dictate what the price of gold will be".
It's fairly easy to say that gold will increase in value as producers go bankrupt and less gold is produced.  Where is that decrease in gold going to come from?
"The smaller producers will simply not be able to cover the costs of production."  (Not Allen.)

So if you are expecting the price of Gold to rise your best bet is Goldcorp, Oskisko or other low cost producers, not All in costs equal to the price of gold on the common market.

Gold will continue to fall until at least $1050, it could be more depending on how long it takes for the POG to fall.  The longer it takes the more small producers will go bankrupt, my bet was OSK and YRI, loaded the majority of my gold portfolio there about six months ago, not a bad return until a few days ago when YRI was kicked significantly.  Cutting profit in half will do that to a stock, at least MTO doesn't have to worry about that because there is no profit.  OSk more than made up for the difference but still it feels bad to lose $1 in one day, almost as bad as MTO.  The exchange was a bit conincidental as MTO was just off it's peak of 0.27  There were no buyers at 0.27 so I sold lower but still made a good exchange.  

Will hang onto my YRI even though I don't believe in that strategy most times.  I will make an exception because it has been punished more than it deserves and should survive the "crash"

GLTA, if you believe in gold get your money into a major, the juniors are headed for pain.