I wouldn't say the sentiment towards NOT has changed in the mededium or longterm ,but  only in the short term in accordance with the downdraft of the TSX today. Doesn't take much effort to affect the SP during the peak of the traditional summer doldrums , with the low volumes being traded.

I must admit that I have likely contributed to the decline ,as for the fist time in probably 3 years I sold off a part of my postion (~13.5%). This was only to take advantage of the recent downdraft of the precious metals complex over the last few days (they typically seasonally bottom in June to July) by adding to my postion in First Majestic silver (which I deem to be a sort of "Blue Collar" PM Stock that is highly leveraged to the price of silver- that price being inordinately smashed (?by another "slippery finger")  over the last few days,  to a 15-month low.

At the end of the day, I believe that the ability of the Powers to Be to actively supress the precious metals prices is only exceeded by the ability of NOT's shareprice to be  passively supressed via general government ineptitude /inaction and broken promises...at least in the near term.

So I expect the PM prices to rebound more quickly than NOT's SP , and with some timing  luck I'll have gained additional dry powder to add to my NOT position for the medium to longterm haul.

Cheers,

Luker