Apparently RBS (the Royal Bank of Scotland) has been keeping secret their financial condition, but when ordered by the British Prime Minister, Gordon Brown, to divulge the true state of their affairs, it resulted in this mammoth drop in their stock price on Monday (66%).

I believe this may have been one of the major factors in today's big drop in the American markets, as well as the significant price rise in gold and silver today. I expect more of the same tomorrow. Click on link below to read the article on Kitco regarding the debacle of RBS.

http://www.kitco.com/ind/Kirtley/jan...

Ultimately, the price inflation of goods that will result from the massive printing of fiat currency by governments today (in their attempt to bail out banks and businesses) is going to positively affect the price of tangible commodities like nickel, copper, chromite and platinum group metals (as well as gold and silver).

This will, in turn, motivate even more people to avoid 'cash', which will be rapidly losing value, and to invest in commodities (including mining and exploration stocks) as 'safe-haven' investments for their money (especially an exploration stock like Noront, which already has some substantial proven and inferred high-grade deposits, and lots of working capital).