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Bullboard - Stock Discussion Forum 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 Discussion

Metanor Resources > Despite Catastrophic gold prices gold stocks better-TA Here
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Post by Geodan2 on Nov 06, 2015 11:19am

Despite Catastrophic gold prices gold stocks better-TA Here

Gold all the way back to bottom. 

Gold stocks doing much better than gold, even though hit hard today.


So what is next? The occilators I use on gold all are in very bottom (Chande, MoneyFlowIndex)  Are at the bottom on daily chart, did that 2 times before in last year,  and at the bottom in gold prices both times.

Maybe one reason the gold stocks are doing so much better than gold, maybe even manipulators are planning a run up.
Comment by tsoprano1 on Nov 06, 2015 11:28am
I have been reading a guy that has been saying for months that gold would have a little bounce but that it would eventually go to 1013-1018. After that it may start an uptrend. So I am waiting to make next buys in that area and hope for best. But, I imagine Morgan and Goldman have shorts to cover so it has to go down for them. They always win. T
Comment by ramblersrest on Nov 06, 2015 12:15pm
Current POG in Cdn. $ 1450.00 .....
Comment by Geodan2 on Nov 06, 2015 1:07pm
Yes HUGE advantage of Canada miners. @ANV probably would not have gone broke if in Canada not Nevada.
Comment by wind00 on Nov 06, 2015 1:12pm
Geo.... Barry could be reactivated at very little cost. I believe the camp is still there. a contractor can move 400t/day with 4 trucks, 2 trips a day at a cost of approx. ca$ 15-20 per gold oz. GL
Comment by SixBottle on Nov 06, 2015 1:26pm
This post has been removed in accordance with Community Policy
Comment by wind00 on Nov 06, 2015 1:37pm
Six..... it is about 110km a contractor with idle equipment will do it for about $15/ton... I say $20. - just in case. this could be a temporary situation to get started. GL
Comment by SixBottle on Nov 06, 2015 1:59pm
This post has been removed in accordance with Community Policy
Comment by u2bob on Nov 06, 2015 1:29pm
I agree Wind at this stage the company needs to show there hand ...not just talk... from the NR on June 2015...instead of bringing on another mine I would cut back at Bachelor if the stream is met and work open pit Barry ..open pit drill Bachelor...and maybe even make a deal with Oban for them to do some bulk samples at Bachelor mill for them at a cost were the  company actually makes a ...more  
Comment by Geodan2 on Nov 06, 2015 2:42pm
Wind,  Why did they shut down Barry?   So it is already setup, but was ideled (before my time),  If so that is good startup cost wise, but if they could not run Barry at profit at higher gold$, why could they today?
Comment by MAZZMEX on Nov 06, 2015 2:43pm
wind, let it go with restarting Barry.. they can't even operate Bachelor without raising money so obviously they don't have the dough to restart Barry. What do you suggest, they raise even more money at .035! I know you want to be positive but you have to be also realist...Mazz..
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