Mega Precious Metals Inc MPRXF

Lurking behind the corner I believe we'll see.....

[goldopportunity]

When looking at the ratio charts, it doesn't take much to see that all the gold instruments are running polar opposite to the usd, dow, spx, qqq, etc.  So, in essence, we have a situation where gold, which does not have any debt attached to it, is moving inversely to meteoric-rising debt-ladden fiat instruments.  This can only end in disaster, imo.  

Right now, I believe dumb money is still selling, smart money is still buying and the smartest money is still standing pat.  Jmvho.

When looking at the ratio charts, it doesn't take much to see that all the gold instruments are running polar opposite to the usd, dow, spx, qqq, etc.  So, in essence, we have a situation where gold, which does not have any debt attached to it, is moving inversely to meteoric-rising debt-ladden fiat instruments.  This can only end in disaster, imo.  

Right now, I believe dumb money is still selling, smart money is still buying and the smartest money is still standing pat.  Jmvho.






goldopportunity




goldopportunity

[hrattle]

Alternatively we have a situation where gold, which is an "unproductive asset", moving inversely to assets which bear interest, dividend yields, coupons, etc. Which is exactly what smart money has been doing since the dawn of capitalism. When fear last sent gold to all time highs the 20 year bear market that followed saw gold trading in a 40-60% range of the all time high and it took a

[metalsrocker]

So over 5m ounces but only a market cap off $10,000,000? What's wrong with it?

[goldopportunity]

All the gold stox have just had basically the same down drafts.  It has nothing to do with the great fundamentals of mega.  I'm as dumbfounded as you as to how low mega got.  But that's the way of the markets, especially the pm sector it would seem.  If you believe as I do that mega is a drastically under-valued company, you buy more at these depressed levels.