re: no news and bought more I traded my NWRO's for AEEO's at 11 cents before Christmas. AEEO's are now 30-35 cents. NWRO's went nowhere. The fundamentals here are very strong BUT the gold price looks very fragile in the face of a very strong US$. The goldbugs were not expecting this scenario, especially a collapsing oil price.
The US economy is much stronger than was anticipated before Christmas and exports are growing faster than expected. The DOW hit a new high to-day. Industrial metals also strengthened so I bought more PDZO's (zinc play).
I think that NWR is a very very good gold play and technically the stock appears very undervalued BUT I am negative on gold at this momement. Any comments? good luck to all longs here.
I spent several months
re: no news and bought more I traded my NWRO's for AEEO's at 11...
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