It's game on!The price of gold is now moving up no matter which way the news is going. Classic bull there.
I have stated for over a year now that MXI is a safe buy up to .25. Now that the gold environment seems to be transforming rapidly from utter bearishness to a resumption of the long term secular bull, we may have to look again at MXI's upper value. I'm thinking that as long as the new sentiment in the gold market continues, MXI will be a safe buy up to .30, particularly now that there is a new proven resource there that has all the marks of a low cost mine.