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.)

almost 16 years ago

Below is a comment from David Morgan, Silver-Investor.com specific to rumors circulating about a world wide stockmarket holiday.

October 10, 2008

The Markets are in free fall across the board, silver is off about 20% and gold is off 8%. Rumors are flying and it is difficult to determine truth from fiction, especially in such a fast moving market.

Rumors are even mentioning ... A world wide Stock Exchange and Banking "holiday" starting Sunday Oct 11, 2008.

I would not rule this out, in fact at some point the authorities might have to "pull the plug" and regroup. I am not saying it will happen, but certainly it could happen. The real question would remain -- would a closing of the markets stop the panic?

Although the gold and silver futures prices are getting creamed, the real market still has a much different pricing mechanism.