Agoracom: Small Cap Investment - Noront Resources - Re: Gold $1,382.00 - Would it NOT be nice to have some BIG news from JJJ now?

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Cylinder

Rank: President [?]

Points: 12766 [?]

Votes: 235 Score: 3.4 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Gold $1,382.00 - Would it NOT be nice to have some BIG news from JJJ now?

in response to

Re: Gold $1,382.00 - Would it NOT be nice to have some BIG news from JJJ now?

Orange Flash

posted on Oct 15, 2010 02:20PM

Thanks O.F. for the plain language point of view.

I can see why the price of gold and even oil would rise, since they are limited, desirable 'currencies'.

However, how will this translate to other commodities? Unless the economy recovers enough to support the demand and keep the price high, there will soon be an over-supply of nickel, etc that will force downward pressure on the commodity prices.

Anyway, someone making far more money than me thinks that gold is a perpetual bull, and I may not make money by buying bullion. But that is something that I will have to live with.