Can't see NST holding its share price, page-165

Incredible and very heartening to see gold shares close up strongly overnight in US and Canada.

Although gold did trade down significantly, the positive news is it found huge support around the $1450s and managed to close at $1514 well above its 200 day moving average at $1508.

This is bullish from a technical point of view and considering most other asset classes have been smashed very comforting to note AUD gold has hardly fallen at all!

Another positive last couple of days is there appears to be an increasing disconnect between the physical gold and silver market price and paper prices with US Mint reporting they have sold out of many coins and margins over spot paper market increasing.

Will be interesting to see where NST trades today, but wouldn’t be surprised to see it higher.

Gold is about to go much higher in response to the trillions of dollars printed and negative real interest rates. Even ANZ are forecasting $1700 and beyond and that was before the latest Central Bank moves!

Keep calm and don’t be too discouraged with NST sp...fundamentals will win out, gold will make new highs and NST will follow years before the rest of the market does.