Yes, @mattymcc Agreed. Just about everything in the gold and silver space appears rigged. Specifically, every time anything looks like taking off higher, it gets obliterated.
The market action resembles outright panic selling .... or alternatively ... massive co-ordinated selling pressure designed to overwhelm any buying and destroy the share price.
I've heard intelligent commentators state that there is pretty much no proper price discovery any more in any market, and this especially seems to apply to gold and silver, and the leading miners.
I take solace from what appears to be mathematical certainty that this can not continue.
NST just found 10,000,000 ounces in one year, right under the Rolls Royce processing plant upgrade they're about to complete. Each of those new ounces, even if gold price doesn't rise from here, should nett the company $3,600.
So, the future free cash from what they just found in one year is worth $36 billion!! But the market cap, they think, should be $27billion (and going lower) ????????
This will resolve at some point, surely.
At some point NST will release financials that will utterly overwhelm any effort to manipulate the share price down.
NST Price at posting:
$19.28 Sentiment: Buy Disclosure: Held
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