Makonew mine in operation and running material now. Worlds' highest grade open pit mine they claim. time will tell with results. keep an eye out for small volume rise now daily to catch any upshoot.
MKO trade ideas
Mako mining is ready to pourMako mining is ready to pour in January and has several bullish technical indicators showing signs of accumulation.
Key Indicators:
- 9 year downtrend broken
- Multi-year long double bottom in play
- Confirmed Golden Cross on the weekly
- Bounce off oversold on the weekly
- Weekly Stochastic RSI turned up, still in oversold territory
- Bounced off of the 200 week moving average
- Major resistance area should be weakened having completed the first test in Jul - Aug
Short term price target: .65 - .75
Long term price target: $1 - $1.25
MKOlong term chart at top rail. Macz holding above line. Lots of peeps watching this too. Rising price channel on lower side of the line, something to watch. Shares held in tight hands also. Europe may ban gold soon, maybe this fall as reality sets in with budgets blowing up and their need to control .... If I knew the answers, I wouldn't be here. lol
MKOnice b/t on 4 hr. Mill almost complete, some tanks to set up yet . On transport trucks to site at the moment. No work shutdown like most others. Gran Colombia still running the slave camp also.
