Metanor Resources MEAOD

Mstettler OT...

[fruitvale3067]

While we watch the slow decay of MTO. Did you notice both EGi and TRQ moving nicely with coppers price gains these last few days?

[mstettler]

Yes, but there seems to be strong overhead resistance and the mining shares are turned back constantly.  I am wondering if we will see a retest of 22 on the gdx.

[mstettler]

Now spitting distance of 22 on the gdx.  My gut tells me we go to just under 22 on the gdx on the next move.  From there we should reverse but there are a lot of big traders now bearish on the gold and gold shares so we will see.  

[fruitvale3067]

Mstettler, I see gold is back below $1700 Canadian. Got to admit Trumps victory has shaken things up at least in the short term. Everyone pretty much knew if Hillary won the liberal spending policies would remain in place. However with a Trump victory and the republicans holding majorities in the house and senate for the next 2 years know one knows what's going to happen. Plus it's going

[mstettler]

I tend to agree however I don't see any reduction in defecit spending.  Trump has already stated that he won't be nominating yellen for another term.  So far the markets seem to be quite all right with trump as president. We are now at 22 basis gdx.  If we do not get a reversal next week then we will be moving lower. What about copper?  I don' think that move will

[mstettler]

[fruitvale3067]

If I'm not mistaken I believe I herd there was some better than expected economic news out of China last week. Wether it lasts or not is anybody's guess. As for American politics this really shouldn't have been that big of a surprise to see this coming. 6 years ago the "movement" gave the republicans the house in a beatdown. 2 Years ago they did the same thing with the