Re: General weakness in the stock market?
in response to
by
posted on
Oct 12, 2010 03:31PM
New Discovery Resulting in a 20KM Mineralized Gold Belt
Well that's a tough question, and I doubt you'd find many people to answer that question directly.
I think if and when the market 'corrects' it is commonplace for stock prices to fall, in general. So I would expect the same for GNH in that respect, no?
Of course, as with GNH and all stocks there is the unknown factor of news that could be a consideration. I know the GNH squad is working hard at building value for the company so regardless of any correction, the value of GNH may not co-relate to the general market.
Consider also the recent surge in the price of gold and a lag that will work its way through the gold sector including producers, explorers, and supporters of the gold industry.
Decoupling is a buzz word I have been hearing for over a year now. In 2008 the entire market was crushed. Some pundits now expect a decoupling of the USD and the value of gold. So whereas in 2008 you saw gold go out with the bathwater, I personally don't think you will see the same impact for any future market meltdowns...and maybe even the opposite.
In my opinion - if you owned a retail stock like The Gap, I would be fairly concerned about any market weakness....US economic numbers are not inspiring.
As for GNH? Who knows. I have noticed that GNH has tended to do the exact opposite of whatever the market does, so maybe it will be a good thing! Uh...maybe not, but if you look at our history our SP has almost nothing to do with the general market conditions.
Good luck Skialta39...I hope I was appropriately vague in my response!
(I think it's a suckers game to be baited into making SP predictions)
B