North American markets are down todayThe spike in 10 year US treasury yields has hit more than gold and NFG. All of the major North American markets are down today. Some bears are predicting a 10% market correction next month. If they are correct NFG could briefly go down into the 4 range. These market corrections are hard on gold and are especially hard on little stocks - everything gets sold off to prop up margin calls on the big stocks.
On the flip side NFG starts trading on the AMEX echange tomorrow which eventually should generate some fund interest. Later this week we might see a kick butt press release!