Club Mulgoa

Wednesday, March 14, 2012

NST

The word "spectacular" is grossssly abused by a lot of stocks when announcing their discoveries. So far, if you read NST recent announcement, you will agree it had a spectacular drilling result. The gold is not measured in grams but kilograms per ton.

Yet today, when the POG is down and the USA indices were not broadly up and the price of commodities fell, the ASX took a hit especially the gold sector where I have a lot of investment tied up.

The fall in PRU share price continues today. But why NST is lumped with the rest? That is market sentiment for you!

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