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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 > Gold RT
View:
Post by wind00e on May 25, 2016 8:35am

Gold RT

Gold (JUN)
Gold indicates a move out of its rising wedge

This confirms the short term top which we sent out last Sunday
While a bounce in Gold is still possible until July, we have no reason to be long
Gold closed below 1249 and is back on a sell signal
The expected pullback to 1189 is not far away anymore, having reached an intraday low of 1220.80

[Most Recent Quotes from www.kitco.com]
Comment by tsoprano1 on May 25, 2016 5:46pm
From Larry Edelson, who has been spot on: Now sitting just above my next sell signal at $1,241 … If gold can break that level on a closing basis, the precious yellow metal should fall to at least $1,202 … and if that gives way, then down to the major long-term support levels between $1,160 and $1,180 … Where I will be backing up a fleet of trucks, telling anyone who cares to listen to buy as ...more  
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