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Bullboard - Stock Discussion Forum Maritime Resources Corp V.MAE

Alternate Symbol(s):  MRTMF

Metals & Mining Gold
Maritime Resources Corp. is a Canada-based gold exploration and development company. The Company is focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. The Company holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property, which... see more

TSXV:MAE - Post Discussion

Maritime Resources Corp > Much needed Gold Correction
View:
Post by nozzpack on Apr 22, 2024 2:45pm

Much needed Gold Correction

POG went up too fast , almost parabolic.

 It needed to come back to earth and consolidate .

 The US keeps adding $1 trillion in debt each 100 days , so the USD aint getting any better..
Comment by shiftyone on Apr 22, 2024 3:47pm
True that it went up too fast.  And there might be further corrections.  But if 2 months ago we knew that gold would be $300 higher today than it was... that would have been quite excited at that.  It broke the all time high, so there are some profit takers.  No one knows,  but I think this well above $2000  an ounce is the new norm for now.
Maritime Resources Corp