OTCQX:MEAUF - Post by User
Post by
Kapboyon Apr 18, 2013 8:48am
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Post# 21278360
Gold now over $1400/oz.
Gold now over $1400/oz. People continue to buy "Physical Gold" in record numbers. Please see the attached article:
https://www.zerohedge.com/news/2013-04-17/us-mint-sells-record-63500-ounces-gold-one-day
Inventories continue to drop in the COMEX and the GLD. "Paper Gold" traded in ETF's has been rumoured to be leveraged to a ratio of 100:1. The Dutch bullion bank, ABM Amro declared a "Force Majeure" a couple of weeks ago. People want "Physical Gold". I can't say that I blame them!
ME is cashed up, and is currently doing want junior gold exploration companies should be doing,,,which is drilling!
The company is in a good position right now, when compared to their peers.
Good luck to us
Kapboy