Sunday, December 22, 2013 3:20:36 PM
Cant agree with this at all Spanky. While NBRI does get a bit of influence from the gold price NBRI is down 90% from its high and gold at its worst is down 30% on a 5 year low. The timing of the 2 is also off gold climbed for a decade and topped out for 2 years between 2011 and 2013
NBRI spent years in a flat line and spiked to .20 on hype and has fallen ever since. Only the wild movement gold went through has ever effected NBRI and that effect can only be seen in periods of low volume on NBRI and high volatility of gold.
Gold is at a 5 year low after a long long long climb. NBRI is just back where it started.
That just tells me the market jumped the gun with a little help from the hype pump. If they pull gold out of the ground in profitable amounts the PPS will be effected by the price of gold. Until they produce the most we get is sympathy bumps
NBRI spent years in a flat line and spiked to .20 on hype and has fallen ever since. Only the wild movement gold went through has ever effected NBRI and that effect can only be seen in periods of low volume on NBRI and high volatility of gold.
Gold is at a 5 year low after a long long long climb. NBRI is just back where it started.
That just tells me the market jumped the gun with a little help from the hype pump. If they pull gold out of the ground in profitable amounts the PPS will be effected by the price of gold. Until they produce the most we get is sympathy bumps
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