RE:Glimmer of lightDefinitely a large chunk of light for NRG yesterday and on large volume which is a good sign. I was expecting the FANGS to tank but like everyone else was not expecting the total capitulation of the last ten days. The bubble was looking for a pin to burst it and it really found one with the CV. Unfortunately everything that could be sold was sold so a 25% drop for NRG was not too bad with many sound companies falling 50% or even more. Same thing happened in 2008 and gold stocks were the first to recover months before the main market. The difference this time is that much of the DOW might never recover and that this is the begining of a 1929 type scenario. If it is gold stocks were the Apple stocks of the 1930's. Just google up the chart for Homestead Mining throughout the 1930's a thing of real beauty.
We have been hit hard but we are not down and there are still plenty of rounds to go. Gold will soon show it's true colours as a protector of wealth as this mess unfolds. Gold miners will become the new Apple type stocks and NRG will do their drill campaign as gold recovers and hopefully find plenty of juicy high grade gold areas on their great property. No need to dilute at these ridiculous levels so all in all we are back in the game and ready to fight on.