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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Comment by mstettleron May 11, 2016 3:19pm
181 Views
Post# 24863168

RE:RE:Gold RT

RE:RE:Gold RTI should add to my previous post - I don't like the action I'm seeing in the market today.  Closed some profitible positions.  

For some reason the gold shares are being hyper sensitive to very small declines in the gold price today.  One hour after market open the GDXJ had actually gone from +4% to slightly negative on a 6 dollar decline in the price of gold.

Obviously there are some nervous traders out there booking profits.  The price of gold itself looks good though.  We will see if the shares continue to lead.
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