NWR northwest resources limited
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re: no news and bought more I had a very large block of oppies...

  1. sydneysider
    4,826 Posts.
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    12/01/07
    15:59
    Post #: 2108487
    re: no news and bought more I had a very large block of oppies that I sold prior to Christmas. The fundamental problem right now is the strength of the US$. US trade deficit is falling as US manufacturers ramp up exports. The strength of exports AND the falling oil price will IMHO lead to substantial sustained downward pressure on gold prices.

    I like the NWR story but the recent share issue has flooded the market with paper and the stock price might get "TOX'd"
    NWR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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