OTCPK:MEAOD - Post by User
Comment by
joe_trouton Feb 20, 2011 1:26am
389 Views
Post# 18165812
RE: A SHORT LIVED RALLY
RE: A SHORT LIVED RALLYYou only get short lived rallies in this sector because there are very few investors in the mining sector. Most people are investing in stocks like AAPL, AMZN, GM etc. Totally bloated stocks that are beyond overvalued. So gold stocks with 1.5 million ounces of gold on their books and room to triple that go for
.30 which is an incredibly cheap price. The investors and traders in this sector are all trying to out guess each other on whether MTO will be
.35 or
.25 next week. When the public sector actually fears all of the money printing and dollar debasement, investors and traders will be trying to out guess each other on whether MTO will be $35 or $25 the following week.
So enjoy the cheap prices. Trade away on MTO and others, but never give up your entire position. To do that, you will miss the huge bull run in this sector...it's in the cards for those that see what's coming and are patient.