MOZ and IAU Friday Evening RuminationsMOZ down to $1.82 Less than half of the $3.70 it traded at not that long ago. Painful to watch. To those who didn't sell back then shame shame. Pigs get fat and the hogs get slaughtered. Kudos to Curse for his exit stategy of selling tranches at .10 and .20 intervals as the price was going up. To the moron Mustlovedogs who thinks you make money in the investment world by only focusing on the buy side get a brain. Ignore the sell side at your own peril.
Bought more MOZ the last few days as well as SKE and took a starter position in IAU. All great companies that will be bought out. Catalyst for MOZ will be the receipt of the federal enviornmental permit. Once in hand then I fully expect buyout. At these low prices it's a no brainer.
The headwind gold companies face is the price of gold. They are trading as if gold price will decline back down to $1600 which I fully expect to happen. The same catalyst (interest rates) that brought gold to over $2000 will bring it back down as rates increase back to over 3%. A lot of people will take a guaranteed 3% yield over gold which has none. Obvious to me that we are in a correction phase in the gold market cycle.