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)

Free
Message: Chrome

Cinema & B-Jay; the reason for sell off as I see it has nothing to do with Noront ( other than it being in wait and see mode), but it has everything to do with the recent advance in the price of gold.
I think many funds are selling stocks like Noront to invest in some choice gold stocks and probably in some bullion for quick profits and safety.

Even I sold some gold stocks over the last few days to lock in some profits. I am in a wait mode with regard to gold to see if it goes up some more to sell some more. I will buy them back when ( and if ) there is a retrace in the price of gold and the stocks.

At the moment I am sitting with some cash (for a change) from those sales to buy silver stocks and possibly Noront also if there is no gold price pull back.

With respect to Noront I do not expect any profound announcements from Ontario politicians with regard to infrastructure until about mid September so am gambling that I have time to earn some more quick profits before buying more Noront stocks.

I have an old hold in Noront, I also have just as many short term Noront shares and at the moment am debating with myself about gambling some with present cash to purchase more Noront, among others.

Share
New Message
Please login to post a reply