Northern Dynasty Minerals Ltd (NAK)

[stargazer123]

In the 2008 major recession when people believed that the industrial world was going to crash, gold fell +34% over a three month period. Silver fell much more and steeper. Copper also plunged

Gold's recent high, less than a month ago, was $1,704. A +34% decline would bring it to $1100, it could even go slightly below $1,000. That seems ridiculous, but in 2008 people said that it was beyond imagination to say that it would fall +34%

Silver could fall to -$10, copper to -$2

There were brief sharp rallies, but they only lasted days at best

However, after three months, metals stopped falling, and then went on a multi-year bull market.
Mining stocks also rose
The stock market, back then, kept falling for well into the next year

If metals keep falling for a few months this time around, NAK will have a hard time rising from here, and could even fall some more. However, metals always fall during the start of recessions, and then turn up well before the end of the recession

The same will happen this time. NAK's drop is just temporary. Not only will it rise when metals recover, considering that it will most likely get all its approvals, the rise will be accelerated