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.)
in response to Sudbury Novice's message

The future looks bright for Metals, Why?

The Bet is the USD weakens, Inflation increases as the supply of money expands...

This in turn is positive for all commodity pricing...

From a Trader Friend, "

Just Wednesday, for instance, professional gold traders made history on the floor of the COMEX exchange in New York.

Of the thousands of gold option trades, a whopping 87% of them call for gold soaring above $1,000 an ounce between now and December.

By the end of the session, an incredible 129,937 contracts called for prices hitting $1,500 to $2,500... within the next 6 months!

So Gold, Nickel, Copper, all commodities priced in USD are going higher or maybe should say the Gold Trader expectations are for much higher pricing.

Also a prolonged Sudbury, Voisey's strike will bring much higher NI prices as inventory declines.

Cheers Mark, bring on 49!

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LTGoldBull2
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Noront Resources
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