Yeahbear I agree we are approaching another financial crisis. However the jury is still out on how gold will react during this crisis. If the first wave of panic was a couple of weeks back, gold reacted well and so did gold stocks. I think this was a great sign and I am definitely far more confident in the gold sector after what happened a couple of weeks back.
If the next crisis (the ongoing crisis) causes people to move into gold, we will see higher gold prices and a company like Norton will become irresistible on a higher gold price.
It was my understanding that gold stocks faired well during the great depression, however I could be wrong. Having said that, this is a different situation now with different factors in play.
The thing about a long time. Is sometimes a long time rolls around into the now time. Anywayz, time will tell how NGF will fair. Lookin good here I reckon, but certainly not expecting fireworks.
NGF Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
