Weenies, Wuss's & Scaredy Cats!
posted on
Sep 10, 2008 02:37PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Those of you who are upset right now that Noront's price has dropped as low as it has need to reflect on a few things, before you make a tragic mistake and sell at a low point. Those who sell will have "wimped out" on the greatest investment of the century. Later, they will feel like weenies, wuss's and scaredy cats. Go ahead and do so if you want - it will be a great boon to those who buy your shares. The fundamental's have not changed. Chromium, nickel, copper, platinum, palladium, etc., are still in great demand. The lack of supply for demand has not been met or corrected. China and India are growing rapidly and buying up supplies and will continue to grow and force demand to outstrip supply. So, why the drop in prices of ALL commodities (this is the 8th straight day that all commodities and all commodity stocks have dropped in price, and very severely in many cases)? It cannot be normal market forces. Big hurricane in the Gulf of Mexico threatening oil production in U.S. OPEC with press release that they will cut production to boost price yesterday. Lehman Bros. coming out today saying they want to be bought (after tremendous bad investments and losses). The U.S. Fed printing fiat dollars like crazy and cheapening the value of the U.S. dollar. U.S. government taking on Fannie Mae's and Freddie Mac's debts at the expense of taxpayers to the tune of hundreds of billions of dollars. I could go on with many more examples of events that are devastating to the American economy, but you've read or seen the news. Bottom line is that the U.S. dollar is on track to becoming very cheap (if not worthless) and that means that the U.S. Plunge Protection Team, which has orchestrated this manipulation of gains in the Dow and S&P, and losses in commodities and commodity futures (including gold, silver, base metals and mining stocks) by investing fiat dollars in mainline U.S. equities and shorting commodities (to make the U.S. dollar look stronger than it really is) have achieved a temporary illusion, that the U.S. dollar and the mainstream U.S. equities are not really in the trouble that they are. This will fail. The growing middle and upper middle classes in India are buying up gold and silver at bargain basement prices now. That will drive up the price of those precious metals, and mining stocks that are in position to provide more of that metal (as supply continues to drop and demand continues to grow). The same is true of base metals. This charade cannot be carried out much longer. It has been done in the past, but always failed. It is being done at present with the best efforts and means that are availabe, but it will fail. Why? Because the market forces of supply and demand are unyielding and unstoppable and cannot be held in check by manipulation for very long. Those who are holding long in Noront and other valuable commodity stocks will triumph soon. This was a last desperate gasp by the U.S. Plunge Protection Team and U.S. investment banking organizations to deceive the public and turn a doomed U.S. economy around. If you don't believe me, go do a search on "PPT" or "Plunge Protection Team" or "WGFM" or "Working Group on Financial Markets" (the newest name give to the Plunge Protection Team). I think you'll be surprised at what you find out, if you've not already been keeping up with this fiendish instrument of a corrupt government. Without these interventions, the price of Noront's stock would easily be at $10.00 presently, and probably closer to $20.00.