BRICS currencyA new currency called BRICS backed by Brazil, Russia, India, China and South Africa is set to debut next month. From what I understand, it will be a gold backed currency but the details are still sparse. Some market watchers believe that it will undermine the US dollar and send gold soaring. Others believe that it will just be another currency of regional importance like the Euro.
Either way, this could be the catalyst that wakes up the gold mining sector. In better times NFG would be a $12-$24 stock, as is!