Marathon Gold Corp T.MOZ

MOZ and IAU Friday Evening Ruminations

[Angelique01]

MOZ 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. 

[metalhead666]

We will be in a deep recession before this year is out...the FED will stop hiking and running down its balance sheet....the cries will be loud to "save us" and the FED will go back to money printing...the US $ will drop and gold will race towards $3000....all the good mining projects will be 5x baggers. There's no way gold is going to $1600 when the FED folds and fold they will. 

[Angelique01]

Current fed rate is .75% to 1.0% Had the half percenatge point increase in May. Fully expect another half percentage point in June followed by another half percentage point in July  then they reassess.  followed by .25 basis point increases remaining 3 meetings. Get us back to Dec 2018 levels when we had 2.25% to 2.5%. Precovid levels.  In 2023 expect fed rate to be 3%. In terms of

[metalhead666]

Most stocks have been hammered lower so it's no surprise that gold miners would be down too. Gold isn't going to drop because the FED is planning on hiking more....1. It's baked in already and gold is holding $1850 just fine  2. No one believes that the FED will be able to jack up rates beyond the June hike. You're already seeing housing collapse, the consumer collapsing, the

[tarsands]

Will rates even hit 3% ?  I kinda doubt it I think they will do another 1/2 point higher and then have too wait, and then if the numbers come in good Earnings.  And the market can stay above 35% - 40% drop from peak they will continue until Main St. has had enough.  and then watch for price control and wage control like the 80"s. where they broke the unions backs.  will