TSX:MMP.UN - Post by User
Comment by
spazzmanon Mar 17, 2011 12:19am
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Post# 18297064
RE: RE: A note from the Casey Report
RE: RE: A note from the Casey Reportgwplant I keep posting macro gold articles because that is what MMP.un is. 6-12 months ago SMF was out pacing MMP and in the last 3 months SMF has weighted MMP down. I wish MacLean had sold it, but he didn't. SMF may have got ahead of itself, but so did a lot of the golds. But now that SMF is no longer the pace car I am focusing on the core. No clear leaders. But like you I am not buying more either. I have an average cost of $6.50 that yields 18.5%. Only if and when gold hits new projected highs of $1,500.oo this year will I consider selling basing my reasoning on a rising tide raises all ships. If you can hold on just for the dividend IMO do it.
One other important factor we all have to consider is the new annual dividend policy due this May. IF it drops then I will re-value my position otherwise I plan to sit tight and rise when the tide comes in.