August 9, 2010 Update STOCK MARKET UPDATE PAGE

Here we have Mz. SWIFTY [ Above ] and Mr. Nasty [ Below] in similar format.

Mz. SWIFTY is going to top out first, reflecting a number of stocks falling below their 50 DMA on the New York Exchange. Then Mr. NASTY will act as following confirmation as the longer term moving averages of Advances and Declines [ Breadth ] start to tumble downward.

Not only are there a lot of divergent cycles manifesting here into the 2^nd half of August, which they do virtually every year as the market sets up to exit summer, but there are some seemingly out-of-step trends that are beginning to manifest.

Two stick out at me. Natural Gas to $12 and potential drop in silver due to a liquidity drain, as some of the hints posted on the charts on the next page. Step by step drop in general stock market values and a continuing escalation in gold [ fear seeking safety ], at the other two that go hand in hand with the previous two.
CHUCK KREW’s GOLD OSCILLATOR BELOW

Please note that it went positive on 7/29, a full measure ahead of so many others…………….nuff said

Generally you will find passworded posts here with my PRIORITY UPDATES, accessible to subscribers. Good Luck

I call this one “ROLLING OVER”

While NOT stock is not now under $1.00, I have used a couple of the same formats I used on FREEWEST stock as they tend to be a bit more forward looking than the traditional P & F methodology. Comment below

Basically this is apples to apples, and that works for me None of these charts are perfect but they can provide guidance. Given this, you can see why I will avoid NOT stock like a rabid skunk. Given the pirhanna’s and schlocks it has attracted since RN left in the middle of that screwed up takeover by ROSSEAU ASSET MANAGEMENT and its operator Irwin Warren, I see it totally in the sphere of bad up and down drafts, spurred on by what they do with a stock.

FREEWEST on the other hand seems to be a rock and has a great deal of subtle support that manifests on the charts. Thats my story. Might not be pretty for NOT but as the song says, I think, ” I aint wrong, I aint sorry, and its probably gonna happen again….” !!

Let these apples be your food for thought !

Good Luck.

DG

[Based on my discussion with Mac 10/29/09]
Freewest’s stock is outperforming Noront’s again this week .Considering Noront has
made an official 4::1 offer for Freewest. Of course with FWR.V trading at .51, and Noront at 1.91,
the market is skeptical of the offer and valuing FWR higher than NOT, and so the offer is passe. THAT WAS LAST WEEK.
This week FWR is trading at 49 and Noront at 1.65, so the discount off the offer is increasing.

Evaluating who owns what its clear that CLIFFS, FREEWEST Insiders, FREEWEST Institutional Holders plus the FREEWEST Rebels hold as Mac agreed, “way more than 51% of the stock.” I think that understanding makes the Noront offer a fools journey, with no more need being said of it.

Speaking of the relative land position of each [ Noront has 4X as much as FREEWEST ],
Mac reminded me that FREEWEST had its choice of what it was going to claim and passed up much of what Noront currently holds, picking the “GOOD STUFF”. This might explain why FREEWEST has
the Lion’s Share of the economic, strategic and logistically feasible, shipping tonnage in the RING of FIRE. He said at this point there is no other resource that anyone would build infrastructure to extract except that controlled by FREEWEST, at this time, in his opinion. Basically we both felt that this was an attempt by Noront to obtain by a sad offer what they failed to obtain by honest work on their own.

Basically he said, FREEWEST wants to explore and EXPLORE MORE and the Noront attempt at an offer is a short term distraction, save any other developments. While rumors abound concerning VALE, BHP, XSTRATA and RIO TINTO, soveign funds were not discussed today, but while FREEWEST is not pursuing other bids, they could still well be in play. I pointed out that
public comment said NO OTHER BIDS FOR FREEWEST were forthcoming was FALSE, since the market bids were considerably in excess of what Noront had to offer, reprsenting a 20% premium over Noront’s offer and far and above any backwards arbitrage differential. Further what tells the story is that Noront continues to trade at the days lows, and FREEWEST, at or near the day’s highs.

From a prospectors view, it was Mac’s opinion that the current Noront does not have what it takes to get development going in the RING of FIRE, as I added that Noront did not want to do anything involving their own cash..

While we discussed other issues, such as a takeover of Noront, they were not really relevant to what is happening now. What Mac did emphasize is the continining close coordination and partnership with CLIFFS, and CLIFFS aid and material assistance in both finance and logistics. I would infer here that CLIFS has no intention of letting anyone in what they must see as their “own backyard”.
DG.
Denaliguide & Associates, have long positions in FREEWEST.