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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Metanor Resources > Carnage...
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Comment by mstettleron Aug 25, 2016 12:02pm
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Post# 25176279

RE:RE:RE:RE:RE:RE:Carnage...

RE:RE:RE:RE:RE:RE:Carnage...
tsoprano1 wrote: Larry Edelson has been predicting a correction to about 1250-1275. I have been hoping against it but he says if it doesn't happen we will be in for a bigger correction down the line. So might as well get it over with. Wouldn't mind picking up a few more shares of the good ones.

T


He is correct.  The longer we go without a proper correction the more extreme it will be when it comes.  We got a taste of that yesterday.  In a historical context (and the current bull is now #1 in the record books) we would be looking at a 30-50% correction in the mining shares.

We will see how the market reacts post-fed.  There was a good bounce early today but it's fading.  If we get more selling coming in then you might want to stay cashed up here for lower prices ahead.

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