Gold has been free falling today. Down $62 at this time. In 1929-30, during the start of the great depression, gold fell, along with stocks. But then it started rising, as did the gold stocks. They eventually rose over 200%, the best performing group during the great depression.
By the way, the stock market fell 3% two days in a row at the start of this present stock market fall. In the last 100 years that had happened only 20 times, if you don't count two day consecutive 3% falls during the great depression, and the 2008 severe recession.
Yesterday it fell 4.5%, and today it is already down 3.5% A consecutive 4 day decline of 3% and even 4%. Almost unprecedented. But this too shall pass, because the present virus scare will pass. It is already declining in China, its source of origin.
By the time the market starts recovering as people realize that the virus scare is no longer scary, so too will NAK start rising as people realize that the EPA doesn't hold the slam dunk anymore.
Even if the EPA votes against Pebble, the EPA can not in itself stop the project. In reality, even if it invokes the 401 water rule, its veto can be over ridden. The only reason they were able to stop Pebble last time, is because they also stopped the permitting process. But now the Army Corp of Engineers is doing the previously blocked permitting process. It is the Army Corp that decides if Pebble can be approved. They are bending over backwards, and then some, in trying to accommodate the EPA, but they will reach a point where they will say, enough is enough, and give Pebble their approval.
So NAK may drop, and then drop some more, but over the long term it will rise and become the decades greatest stock investment.
Oh, and in the last few minutes, NAK has turned around is has started a strong advance.
BOTH the bid and ask are higher than NAK's stock price NAK
Bid
0.5064 x 1200
Ask
0.5145 x 1100
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