GREY:MPRXF - Post by User
Post by
goldopportunityon Sep 22, 2014 10:36pm
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Post# 22960847
Today's high in the us$ matched a multi-year high.....
Today's high in the us$ matched a multi-year high.....and it would appear that the us$ is about to correct downwards, as it now will be hitting against very solid resistance. Conversely, this will mean that gold and gold indices/stox will begin to correct upwards. Now there still could be some drama, but for the most part I think we should see the gold instruments start to move up in the next few days.
As for mgp, I think today's low will prove to be the bottom of this cycle. There was no u.s. trading in mprxf today, but friday's close of us$0.0744 would translate into a cdn sp of about C$0.0820 based on today's closing exchange rate. Imo, mgp is a no-brainer buy. Jmvho.
goldopportunity