First Indication of how......the Gold sector of the investment world holds up to bear market conditions.
I'd say the jury is still out....but Gold isn't dropping much considering the huge gains it's had and just having made new highs......Gold possibly showing its growing recognition as a 'safe haven' investment.
I think this is a key consideration given the extreme over valuation of the general market, and extreme under valuation of gold stocks.
Gold as an investment is very much in the limelight compared to the last big recession, given BRICs issue and MASSIVE DEBT issue for many key countries.
So, maybe we will be seeing gold as an investment be viewed as a safe haven in the coming stock market bear, and this might spawn gold in an uptrend while stocks in a downtrend, and gold stocks to gradually gain recognition for their undervaluation, and join gold in an uptrend, countering a general bear market.
Jury still out on this BIG PICTURE issue, but today seems fairly positive for Gold's action, as well as NFGs action.
The balance between BIDs and ASKS on the AMEX for NFGC is HEAVILY weighted in favor of the BIDS. I counted about 4 x as much bid volume compared to ASK volume going 5 cents above the lowest ASK, and below the highest Bid.
Also, more confirmation that Lil Shorty does much or most of his manipulations on the Venture.