$8.63
0.15 (+1.77%)
NovaGold Resources, Inc. (USA) (AMEX:NG)
CAPS Rating:
The Company is engaged in the exploration and development of mineral properties in Alaska and western Canada and is primarily focused on gold properties, some of which have significant copper and silver resources.
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stock already was under 50 cents this year. Why are people rejecting reality again?
Perhaps it was due to the hedgies cashing in _everything_. Even the babies such as Au/Ag/PGMs were thrown out with the bathwater, but ironically, the babies were far more "liquid" and raised the $$ when the economic chickens came home to roost. Other than that, I won't yet opine why this bear pitch will likely fail. 2008 was extremely strange with a painful sucker-punch, and something must give soon! I see weakness and believe with oil > $40 bbl that the floor is in.