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: July 24 Trading

July 24 Trading

posted on Jul 24, 2009 02:41PM

Anytime all you Lurkers want to chime in... Feel Free to do so...

On NYSE - NAK sp up with the sector. Getting close to time to take some profit as sp is close to upper BB. However techs are in total Bull mode, so there is possibility of more to come.

Dow had some profit taking this morning and it looks like the Big Guys have gotten back from their extended lunch and may resume their Bullishness. 15min techs are in full-Bull mode so there may be a strong Friday finish. Banks down and Energy up. Restaurants down (MCD on bottom BB), Transports up, and Recession Proofers down... Seems to be some faith in the Market at this time. But, much is over-bought, so there will eventually be a time of rest to allow those who initially missed this speeding train a chance to climb aboard.

Gold driven down yesterday from mid-day until close then fairly steady overnight until London open where it has a little run up. Currently some downward pressure.

Even though there appears to be faith in the Market, perform DD in all your choices. Diversification can go a long way.

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