Northgate Minerals Corp (USA) (NXG)
The Company is in the business of mining and exploring for gold and copper, with a focus on opportunities in North and South America.
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Contrarian 09.11.12
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rolling over? or consolidation? not back to 2year high
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I got spooked about inflation again - maybe I listen to too many analysts for my own good. Anyway, I bought another gold miner. I have 10% in physical gold & silver in my possession and two miner's stocks. I'm invested in nickel, oil & gas and coal as tangible assests to offset inflation. Frankly, its been a long wait without much reward so far. The dollar keeps springing back so I keep my savings at money market interest. Which is to say, its liquid and FDIC protected but not earning anything.
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Small miner which continues to recover from last year's sell off. Like all small miners, they may become take over target if the economy picks up.
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Long-term play on Gold and foreign demand.
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B2.76T3.70
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Significant new gold discovery in Australia and the price of gold is definitely going up, up & up some more!
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http://finance.yahoo.com/news/New-Gold-Zone-Discovery-at-prnews-4117042746.html?x=0&.v=1
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Confidence in USD will continue to fall which will continue the decrease in the USD. Inflation will be a problem. Gold will continue to climb.
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S20>33,S50<67,S200>33,C>Mx3
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Solid company with a proven track record despite all the economic woes. Finally starting to rebound after a brief down trend.
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They have been proven to be undervalued stock and have huge proven reserves and cash.
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Down because of missed revs. problems at the stawell mine & reduced copper prices. Other production at other mines increasing & copper prices, up app. 25% in past mo. If gold stays app. where its at, and copper continues to rise, share price will also go up.
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Good growth.
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low peg ratio
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Looking at Mining and Minerals
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ill write this up later.
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I just have to add some more gold as I watch the spot price continue to climb toward $1000/oz. The price of physical gold just crossed over the $1000 mark yesterday and while I haven't added much of that recently (I keep expecting a pullback) I feel I just have to make a move now or miss the boat.
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Gold and Copper finds in North and South America with significantly better than expected earnings and projected earnings for this year. Momentum investors are liking its technicals. It has charted up over 8% today.

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