Basically we are seeing mainly seasonality. And given the Economic kafuffal of the last few Quarters this Returned Seasonality can not be a bad thing to see?
Also recall that many of the Commercial Banks have been kept afloat and are presently getting their internal workings back in line with a more normal Business Plan and Renewed Regulation/Oversight.
Also note that the Auto Sector just concluded a MASSIVE restructuring Frame Work in which they had to lash themselves into Massive Overhaul Commitments before being Proped Up by Massive Government Capital Infusions. Now they are Tasked with the Follow Through. This will take 2 - 4 years to begin showing how radical the Re-Tooling will be and how successful each is at getting back into Promise Lands.
Also note that the Major Miners are currently also doing a Major Review of their Operations and Going Forward Plans (which I hopefully expect will include many things RoF). This will be ongoing for up to two more years before the Dust really settles and their current Operations (that remain in one to two years) demonstrate lasting Strength and Viability.
Add to this the Fact that most of the Government(s) Stimulus Packages are only now BEGINNING to hit the Ground. And actual Spending of these Funds will only SOON begin to FEED Into The Markets as Equipment, Materials, and Labour are taken up to do the Actual Real Work.
Thus, better to see this Market Softness NOW as opposed to October or February.With the Pull Back over the Doldrums of Summer, there is much less chance of a Major Shake Out in October.
So, I will continue to monitor the Big Stuff through out the remainder of the Summer to build a sense of what Sept. - Nov. will have in store. Right now this current market, along with the above mentioned factors, etc. look better than what was happening in May - June for Late Year Prospects OVERALL. The Structural Adjustments are only now beginning to set in. Once showing they are truly under way I hope to EXPECT a completely New/Renewed Bull Market. A good steady October - November would be the new Starting Point. Positioning (being cautious in doing so!) in advance of the new Starting Point is the Desire here.
As for Noront Resources and the RoF in all this, we seem to be on a Planed Path to correspond with my hoped For Expectations.
Please Note: This is but my always tentative effort to understand the Broader Event(s) Picture and how I could act if within reasonable proximity to what actually pans out.
Old Joe
PS: Remember, just as six months, 12 months, 18 months, ... ago, also try to always be ready for the Unexpected. Surprises, both positive and otherwise, make the future very intriguing though often challenging.
Love Challenges! Live Life!!! Preferably your own, everyone!
