The pressure will come from the price of gold while discoveries remain low and costly. There are enough oz in the ground to last many years but the way I see it with the fed moving forward the macro environment could take more years to play out the turmoil than the worst case timing scenario with Medusa. There is the possibility that a black swan event may surprise everyone within a decade but even that may play on the price to buy physical. Not that I wouldn't be happy because I have decided to hold and buy physical. However long the fed are going to take to wait out the last markets I will be buying bars and becoming more patient. It would be nice for Medusa to bounce back though but going on oz in the ground at present I see it as a long way off from it's $8.50 heyday. The blindside might have notable discoveries but I need something a little more solid to bank on.
MML Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
