MGK will take a hit today after a 550pt hit to the Dow Jones after bad news from the EC. The Dow closed at its low, so further falls can be expected in Friday trading. I note however that gold was strong until gripped by profit-taking. Low interest rates or asset deflation is actually good for gold, because 'no yield' gold becomes more profitable against falling yields of other assets. Gold is going to $2400/oz, so expect more upside. Meanwhile the Dow Jones is going back to 10,550 points - technical support. MGK will probably get support at 2.2c, however it will probably go as low as 2c during the day, so be in there. The Dow will go lower tomorrow, but gold has already had its profit taking. Gold will recover, so buy today. The day to buy is today.
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