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: Wednesday Market, Dec 9

Wednesday Market, Dec 9

posted on Dec 09, 2009 12:39PM

On NYSE - NAK sp up about 6% at this time. Cycle was trending down until this pop. Might be a time to take some off of the table. Other technicals not supporting this move and looks like it is a DCB.

S&P500 is a touch down. Market is pretty much mixed while generally Miners are up and NatGas and Aerospace down. Market is unsure of how to react to the Health care package that will likely be pused through. Well, a healthy unemployed person is better than a sick one. A surplus of oil being reported, Foreign credit (Spain, Greece, UK) concerns keep popping up, and Dubai stocks going downhill.

Gold looks like it experienced a DCB from open of Hong Kong and through London overnight. Currently being sold off by the east coast lunch tome crow. probably one martini too many. however, technicals of GLD show this to be a lower-low and an initial indication of bearishness. The next high in the cycle will tell which way this goes.

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