The sun is out and the weather, spectacular.

Noront is up 18 cents

Irish is back!

We broke above the 200 Day moving average. The last time we were below the 200 day average for a while and broke through was mid July 09 .

I would be very happy to get to a level appropriate based on the current VALUE of our deposit(s) and then to have the deep drilling assays to follow AND OUR GOLD RESULTS!.

Noront has had a flu and is now feeling much better. Health is coming back.

Why is a 200 day moving average significant?

200 Day Moving Average

The 200 Day Moving Average is a long term moving average that helps determine overall health of a stock. The percentage of stocks above their 200 Day Moving Average helps determine overall health of the market. When this number gets below 20%, many traders look for a sharp reversal in the market that can quickly bring the number up to 40%. When this number gets above 85% or 90%, many traders look for a reversal in the market.

A stock that is trading below its 200 Day Moving Average is in a long term downtrend. The stock is generally considered as unhealthy, until it breaks out above its 200 Day Moving Average. Some traders like to buy when its 50 day moving average crosses above its 200 Day Moving Average.

A stock that is trading above its 200 Day Moving Average is in a long term uptrend. This is considered to be a healthy indication. A healthy stock will generally have a rising 200 Day Moving Average. When its 50 day moving average crosses below its 200 Day Moving Average, it is called a Death Cross.

The 200 Day Moving Average often works as a major support level in a bull market. This can present a low-risk opportunity to buy a stock, however a break below it can lead to a large gap downward. In a bear market, the 200 Day Moving Average often works as a major resistance level, however a break above it can lead to a sharp rise.

In a bull market, a buying signal may be generated as the stock dips close to the 200 Day Moving Average and a sell signal may be generated when it goes far above its 200 day Moving Average. In a bear market, a buying signal may be generated when it dips far below its 200 Day Moving Average, and a sell signal may be generated when it rises close to its 200 Day Moving Average. However the opposite signals may be generated on strong breakthroughs of the 200 Day Moving Average.