Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Pullback plays

Noront Resources

over 16 years ago

are often quite weak as they engineer a reversal; sellers are gone, buyers sitting on the sidelines. The short term traders look for signs on a 15 minute or 30 minute intraday to confirm that the downtrend is broken for an entry signal. More often than not, the traders pick up a position closer to the end of the day to ensure that the day closes green.

My suspicion is that we might get a short green daily candle today, but lotsa volume and gains tomorrow. With NOT, though, who knows? If there's something coming down the pipe, all bets are off!

Just a little explanation of how the different players operate.