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Bullboard - Stock Discussion Forum Marathon Gold Corp T.MOZ

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the... see more

TSX:MOZ - Post Discussion

Marathon Gold Corp > Profit taking for sure
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Post by tarsands on Jan 21, 2021 1:46pm

Profit taking for sure

I mean golds price is darn stable today really! 

but the shareprice is down, profit taking. But its happening across the whole sector including the base metals.

Take a look at the TITTGD:

https://www.stockwatch.com/Quote/Detail?C:TITTGD

Its down 1.5% today and the price of gold is down .08%

I just see RED today and its in my Gold , Silver, Copper & even in GENM.
Comment by NLMoose on Jan 22, 2021 9:51am
I don't think its profit taking as Marathon Gold has plummeted nearly 20% of its peak value over the last week. Usually, when stocks had a strong upward momentum, one day of decreases are fine as its considered profit taking. However, if a stock is going down for a one week streak, its not profit taking, but could be something more concerning.  
Comment by Ridgeback on Jan 22, 2021 10:20am
Moose. Nothing wrong with profit taking as see Moz Chairman just knows when the fruit is ripe. Most everything I watch or hold is down and we may be in for some bumps. I agree MOZ has taken a good thumping however assays are still positive the crews will be back drilling and unless this virus halts all activity in Nfld. We should have continued news flow. Skeena is down as well but not as bad as ...more  
Comment by tarsands on Jan 22, 2021 3:59pm
Do not follow nor do I own shares of Skeena, wish I would have bought some alot earlier say Jan 2019 @ .30. 11 bagger. I just do not know if MOZ will build the mine itself.  Might be bought by FNV for a premium we shall see, maybe we would get some kinda Royalty as well.???? I wouldn"t worry as I said even if it goes $2.50, and the lowest on this pullback was so far $2.72
Comment by theCurse on Jan 22, 2021 8:13pm
NervousGoose, Sell and move on.  Sleep well at night.  otherwise, stop posting every time there is a big down day.  i never hear a peep from you when MOZ sets new highs.  as opposed to a great producer i own (EDV), MOZ has outperformed the producer signficantly over the last few months.  tC