5hareholder, your numbers look about right. But we are also discounting the herd mentality and market sentiment with gold and silver prices skyrocketing...i seriously hope investors stop thinking that this is a "bubble" and start looking at the obvious mechanisms that are causing this to happen. There is serious trouble happening in the world's markets because the US Dollar is losing its reserve status...this is HUGE guys. Previously, in a financial crisis, money moves into the safest forms of investment - being treasuries and long term bonds...but on the next collapse, the money has to find a home. And as you can see..it is moving into precious metals and subsequently into the precious metal stocks.
Another thing to note is that with the long easter weekend, we are not having many trading days left for the month. Trouble is brewing beneath the surface...we might see an explosion soon.
MKO Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
