Wow, volatile times.I was going to give Jaymillar a blast for being so bullish on how high MNG was going to go on Sept 5 only to say he had sold off by Sept 7. So much for making predictions, or telling anyone in advance of selling off.
Well, I too find myself flipping polarity on this one. With the current negative market sentiment, I think that there is now a 68% chance that this deal will go through....and ironically, in the face of rising bullion, YRI sp will jump for getting MNG at a bargain price if successful.
I think that YRI is looking good going forward IMO. The mrket woes will pull all stocks lower initially as the currency/subprime woes fester on, but as the world increasingly moves away from the US currency as it begins its devaluation cycle, tangible assets including precious metals and well positioned resource stocks will rise.
China needs to exchange paper for something that humanity will genuinely need imo.
Looks like an interesting week ahead.
GLTA