Copper - Gold - Molybdenum project in Alaska

Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.

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Message: Thursday Trading

Thursday Trading

posted on May 07, 2009 08:01AM

Still hearing crickets...

Anyway,

On NYSE: NAK cycling down. Daily OBV not supporting and Stoch has crossed while MACD is converging. Little bit of pain coming up, but this is normal in the emotional buying and selling of stocks.

Dow is down. Popped at open to a new higher-high, so the Bull is still in the room. Dow now acting like the "bank fix" is not working. Banks open big then fade off to where many currently show sp down at this moment. There may be bad news just coming out at market open about the banks making for the pull-back. All generally driven by the news to be released after today's Market close. I have a sneakin' suspicion the bank fix is in.

Gold was running up at Market open then faded. Maybe it is one of those "Sell in May and Go Away" deals today. Naaaah... Likely selling gold to get in on some of the bank, or other, Bull Market action.



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