Hello folks,
20ema= .29 cents
50ema= .27 cents
200ema= .27 cents
Looks like we have a convergence of the 50 and 200 ema's. I expect the 50ema will take out the 200ema soon enough. There seems to be some bids coming in as I type this. It has now been over 2 mths since we started this uptrend. This is the longest that Noront has stayed on the right side of major technical barriers since 2012. It sure appears we have turned the corner for good.
I am hoping come feb.25/14 that we start seeing some buying come in since the criteria for RCF to load up on some more cheap NOT's will have been met. IMO, this is when we will start seeing a further ascent upwards towards the spring budget.
TSX-V has finally broken the physchological 1000pt barrier and is firmly in an upward trend.........its about damn time:) Nickel, if it can breach $6.70, could run significantly. Either way, nickel appears to have bottomed at about $6 bucks months ago. All these factors will contribute to our NOT finally getting back to more realistic levels IMHO. Good luck all, better times coming.
djje