It was nice to have a day where MML solidly outperformed the XGD again, it had been two days of under performance on very high volumes and I was beginning to get worried.
Today volume was unusually light in the morning but quite heavy in the afternoon.
If the gold price holds or advances overnight tomorrow should be interesting for MML as it approaches the $0.54 to $0.57 range where there has been support and resistance in the past.
I think it would be quite constructive for MML to be able to close out another week in the green with 10M+ having being traded (a marked increased over the 2M - 3M that were being traded 4 weeks ago).
The increase in volume has been quite impressive, and very few of the other gold miners I watch have seen that degree of increase in volume. About time that MML got a bit more attention.
MML Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held