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: Today's Trading - Friday July 17, TGIF

Today's Trading - Friday July 17, TGIF

posted on Jul 17, 2009 11:06AM

Too many NAK lurkers, not enough NAK posters...

On NYSE: NAK sp running with the rest of the sector. Seems to be peaking just short of MA50 in this cycle.

Dow is on its fifth day in a row of being up. Looks like the head-and-shoulders was just a shampoo. Might turn into a cup-and-handle. Currently a bit of a fight between the Bulls and the profit takers with the Bears winning at this time. Today would make it the fifth day in a row if it goes green. If you believe in the fib numbers, today should be a green day because the progression is 0,1,1,2,3,5,8... Should today turn out to be green, to continue and have eight straight green days might be tough. However, technicals are strong and totally Bullish, with OBV showing signs of profit taking.

Gold up ever so slightly. Very slight down trend overnight since open of HK, but popping at Market open. GLD has not (yet) made a higher-high as the Market did, so this may be an indicator of where the money is flowing. At this time for the short term it would not be gold, but should change given a little time.

Have a good Friday and a great weekend...

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