Mega Precious Metals Inc MPRXF

The tide will eventually turn

[threepalms]

We’ve got to get the bullion price straightened out, get the companies with real ore bodies moving up in price, and then I think the exploration stocks will come in to rally behind them.

This comment was recently made by John Embry.

I hold a significant position of this MGP stock at a higher price than present trading range.

I seldom watch this thread and seldom come to Stockhouse now.

In fact I own very few exploration stocks now and I have a large percentage of my PM investment in a professionally managed PM fund.

Presently that fund is still underwater some 10% even after recent gains. Like Mega I really do not worry about these investments as they are longer term plays.

As far as Mega is concerned I visit their web site now and then to read the Presidents letter and look at recent company presentations. Other than the occasional email to Glen to ask a question or two that is the some of my DD on this one now.

My exit point from all of this is likely 3 to 4 years away.

The more important point I wish to relay here is that one needs to be aware and should be preparing for a major banking failure that may develop sometime in 2015.

My recent research causes me to question the ability of the FDIC to protect us.

This is my opinion based on personal research. Everyone must do their own due diligence and reach their own conclusions.

Best wishes to all in 2015.