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: Market Thursday, Oct 1

Market Thursday, Oct 1

posted on Oct 01, 2009 11:54AM

On NYSE - NAK sp running with the sector and down today. All technicals feeling the Bearishness of the Market. Volume nearing 117k at this time.

Dow is hammered down 150'ish to start the 4th Q. Uncle Ben speaking about the Fed's role in consumer protection and investors are bailing. Dollar also dumping. Oil was up big yesterday and a little bit earlier today (currently down a buck), but the oil stocks are feeling pain. Banks pretty much all down except FNFG, which is in a good position to benefit on taking over other failing banks. BofA CEO is out at the end of the year (should have been a good thing, but rest of the sector is dragging it down). All sectors down and the RecessProofers are also feeling pain.

Gold is down? Dollar and Market down for three strikes. Nothing appears to be safe today as investors have faith in nothing. Overnight price tapped on $1010, then at open of London started to sell off. Market open witnessed another sell off. Currently running at 1k.

Share
New Message
Please login to post a reply