Best looking weekly chart, page-55

This was posted by excised in the EVN forums:

NST is the poster boy for Australian gold. It gets sold the hardest but also runs up the hardest relative to its size. The underlying reason for this is it suffers from the Van Eck tail risk more than any other gold miner there is, NST is the largest component of GDX and GDXJ. last time I checked earlier this year after the SAR merger. These gold mining ETFs (not just VE by the way, NST is also the largest component of the Sprott gold fund etc) are required to BUY and SELL NST regardless at what the NST price is and current fundamentals. It is at the mercy of the price of gold more than the others because it gets hit with the gold sentiment more so than the others.... thanks to these ETFs.

I still think NST is undervalued so I'll hold.