Copper - Gold - Molybdenum project in Alaska

Northern Dynasty's principal asset is the Pebble Project in southwest Alaska, USA, an initiative to develop one of the world's most important mineral resources.

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Message: Wednesday, July 22 Trading

Wednesday, July 22 Trading

posted on Jul 22, 2009 04:00PM

Market just closed and still more lurkers than posters...

On NYSE: NAK sp down a touch, but looking to change the Bearish trend. Touched on the MA50 the last couple of days but the cycle is now running down. Made a slightly higher high earlier this week, and with a higher low the trend will come back to Bullishness.

Dow showed a valient effort by the Bulls, but the Bears finally won out and stopped the run of green. Tomorrow is another trading day and maybe the Bulls will be back. Numbers have been easy to beat because of the downturn. Apple reports great numbers and rises. Wells reports great numbers and sells off as all big banks did in early trading but some have recovered. Apple and Wells, with JPM's earlier good future forecast, seem to signal the economy is turning.

Gold has made a higher-high to start the week and needs to make a higher low during this cycle to change the trend to Bullish.


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