you guys invest in a gold stock but most of you guys dont get it about gold and the US "recovery " do you.
there is no "recovery' the reason the US job numbers were "good" is because the FED is pumping $85BILLION into the economy every month, "money" it dosent have but makes out of thin air by doing this
85,000,000,000 onto their computer, easy.
If there was no "stimulus" by way of free invented money into the US economy, the US would be in a depression like greece, spain, portugal, ireland.
By the way getting back to NCM, since gold was down around $30 overnight, NCM will probably touch $11.50 again and might drop to $10 next week, at some point, its gonna bounce, its only a matter of time before one sneaky broker puts a BUY on it and it will turn,
its amazing how iron ore stocks are doing terribly and gold stocks are doing terribly, you would think one of them would be doing ok, as both are on oppsosite sides of the economic equation.
If everything was fantastic with the world economy, IO stocks should be booming, if the world is screwed and things are bad, gold should be booming.
both are falling, i dont know what to make of it.
I do think gold stocks and IO stocks will bounce and confidence will return to the moining sector but the only ones that know when are the powers that be, not us small fry.
good luck.
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