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S&P 500
5,408.42
(
-1.73%
)
US TECH 100
17,870.94
(
-3.09%
)
Dow Jones
40,345.41
(
-1.01%
)
Brent Oil
71.40
(
0.00%
)
Bitcoin
54,134.94
(
0.34%
)
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stargazer123

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stargazer123

Re: Scotttrader80 post# 21149

Monday, 03/09/2020 6:34:33 PM

Monday, March 09, 2020 6:34:33 PM

Post# of 29959
Nope!

".40's TODAY .30's NEXT WEEK?"

The market is down, and NAK with it, because the coronavirus is affecting travel worldwide, and thus the price of oil was falling. This weekend Saudi Arabia and Russia could not agree to curtail oil output to prop up the price of oil, and oil today fell its largest amount in over 30 years. A drop in oil prices will hurt energy companies and the industries that rely on them. This will hurt the economy. Possibly even set in motion a recession. So NAK fell into the .40's today.

But a falling oil price will help lower the cost of mining companies, and so it's positive for NAK and our price will soon rise, it will not fall to the .30's

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