Agoracom: Small Cap Investment - Noront Resources - Rumors of a worldwide stockmarket and banking holiday.

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

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)

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Rundle

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Rumors of a worldwide stockmarket and banking holiday.

posted on Oct 10, 2008 03:33PM

Below is a comment from David Morgan, Silver-Investor.com specific to rumors circulating about a world wide stockmarket holiday.

October 10, 2008

The Markets are in free fall across the board, silver is off about 20% and gold is off 8%. Rumors are flying and it is difficult to determine truth from fiction, especially in such a fast moving market.

Rumors are even mentioning ... A world wide Stock Exchange and Banking "holiday" starting Sunday Oct 11, 2008.

I would not rule this out, in fact at some point the authorities might have to "pull the plug" and regroup. I am not saying it will happen, but certainly it could happen. The real question would remain -- would a closing of the markets stop the panic?

Although the gold and silver futures prices are getting creamed, the real market still has a much different pricing mechanism.

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