Marathon Gold Corp T.MOZ

Metalhead

[brianjames]

Where is Metalhead?  We need more preaching about gold going to $3000 now that we scraped our way back to $1800..........lol.

Nice little 70% return in the past month......

BJ

[NineLives]

He probably took a nice vacation which the $$$'S he made. yep this rally is great, still can't believe they, and I use the word they because I'm sure that drive down to $1.12 was deliberate, anyway brilliant rally off that low - $2.50 next ?? Signal Gold formerly Anaconda just jumped 30 to 40% on approval for their Goldboro project in Nova Scotia, no reason MOZ won't do the same.

[theCurse]

and who exactly is "they".  every gold stock got beat up - some worse than others.  do "they" ever take it up to 3.73 or does this only work one way.   and how much is gained in this process.  and what houses win or lose? tC

[NineLives]

They would be the shorters. Up to 1.8 million shares in June. Many of the producers gathered larger short positions in May. Don't blame them, keeps the market healthy but the constant short selling in weak markets sure did the damage. Yes lots of gold stocks got hammered but for Moz that was a very very steep drop and not warranted.   

[metalhead666]

This is where dollar cost averaging paid off. I have been putting the same $ amount into 6 mining names each week through the entire down turn....bought shares at the absolute lows so I'm looking pretty good now.  I should be green for the year shortly. Now the hard part...when to sell.  I'm not convinced that this is the start of the big move....I take the FED at their word that

[Ridgeback]

Metalhead. That's sounds like a good plan of action. I am more contrary. I just find it hard to predict when it comes to Marathon. The price seems to have reached the end of a period of a buying opportunity at the bottom of a major downtrend, like so many other companies have in recent trading history.Marathon could have another good move upwards on what we are all waiting for

[metalhead666]

Good thoughts.  I sold every share in all my miners. The massive jobs beat, $ ripping higher, FED going to jack rates hard and fast....seems it's another false start for gold.  I'm back to cash....thinking of shorting emerging markets as the soaring $ is a real big problem for them....Other than that I'm clueless so will have to sit out a few innings

[theCurse]

and unless i miss the sarcasm, methhead admitted to buying too early (way above the current price) tC

[metalhead666]

It's coming...I've been averaging down on all of my miners so this has been a good week but nothing compared to what's coming