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.

Free
Message: Monday, May 11 Trading

Monday, May 11 Trading

posted on May 11, 2009 08:35AM

On NYSE: NAK sp cycling down. MA 50 is 6.15, so should stay around that in this down cycle. Both Daily Stoch and Mac have crossed into Bear territory. Daily OBV showing some support today.

Dow is down and appears to be in another day of profit taking. Uncle Ben talking about the stress test for next three days at some conference. Banks pretty much all down except FITB and WFC. Three banks (USB,COP,BBT) say they can pay back TARP money. Recess-Proofers all down except AIPC and PEP. Investors making bets on both sides of the table on the future economy. Might just be that everything is overbought.

Gold trended down overnight to about $910, made a comeback to $914, and currently at about $913. Again, bets on the economy future are on both sides of the table.



Share
New Message
Please login to post a reply