Last night the Dow fell 680 points and the dollar paper bugs managed to smash paper gold down US$40.
But despite that, by day's end here our two leading gold stocks, NCM and LGL had been well bid and ignored all this carnage instead of being smashed down.
That imo is the sign of a serious bull market developing here in our gold stocks.
Could it just be possible that many potential gold investors here, who now find it virtually impossible to obtain timely purchases of one ounce gold coins, have decided instead to invest in gold shares, with initially the obvious choices being NCM and LGL?
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- very significant
very significant
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