NovaGold (NG)

[Penny Roger$]

Great day for this one imo..

[abc1938]

ng is about as low as it wants to go. I hope

[abc1938]

[abc1938]

Gold may be getting ready for a little upward move.

[abc1938]

I am ready to pop it again. I did buy @ $1.98 on 7/10

[abc1938]

Gold was up $13 to $1296. maybe it will cross over $1300 on Monday this stock will follow GOLD

[Deep Space]

NG heating UP...

NG

[ECole]

Earnings updates

Excluding foreign exchange gains, operating losses decreased by approximately 50%.. ongoing expenditures have been reduced by nearly two-thirds since last year

Read here

[catty]

anyone still like NG? Thinking of getting back in. Thanks.

[strike_early]

Gold will bounce back hard. The economy is not turning around. It's time to hedge with gold again.

[WF]

Should read "buy," not "but."

[WF]

If someone wanted to but this golden dog, now would be a good time to do it.

[WildBull]

Who would have thought NG at 52 week low. I think the bottom was posted I'm in. Gold will come back soon. GLTA!

[strike_early]

Whoa nellie, you know gold will swing back up. I'll see if the market tanks a few more days, looks appetizing.

[jglucky]

$NG passed 50 day and approaching 200 day moving average. Starting to receive some chatter on tickerdata.com.

[sopmodman]

Well 2.50 is now so 3.50 coming up by sept. This is a strong company doing all the right things in North America where companies and government are on the same page unlike other gold miners trying to operate in countries like Bolivia.

[microcap4]

Me toooooo

[jglucky]

Looking at options, people speculate this will hit $2.50 by June and $3.50 by September.

http://www.tickerdata.com

[jglucky]

$NG is a long term play. If anyone is looking to make a quick buck, this is not your stock. I am long and have been in this stock for 3 years and continue to accumulate on the dips. Currently hold 3,000 shares at an average price of $3.87.

http://www.tickerdata.com

[JohnCM]

NG on my s**t list ...

[JohnCM]

[JohnCM]

Thank you ...

GOLD SPOT MARKET IS OPEN
closes in 1 hr. 39 mins.Apr 19, 2013 15:36 NY Time
Bid/Ask 1400.90 - 1401.90
Low/High 1391.10 - 1426.10
Change +8.80 +0.63%
30daychg -205.80 -12.81%
1yearchg -241.70 -14.71%

[jglucky]

12.01% short float. When they buy to cover, this will go.

[MCArmel1]

Gold Collapse: The Start of Something Big?

By Morgan Housel | More Articles | Save For Later
April 16, 2013 | Comments (42)


In August 2011, a Gallup poll asked Americans what they thought would be the best long-term investment: 34% said gold, 17% said stocks.

It's too early to declare a winner, but the early results are in. The SPDR Gold ETF is down 17% since the survey was taken. The S&P 500 (SNPINDEX: ^GSPC ) is up 38%.

Gold has lost nearly one-fifth of its value this year alone, and more than 10% since Friday -- the worst decline since the early 1980s, when the yellow metal began a two-decade slump. Whether the current slide is the end of gold's bull run, or just a short-term drop, no one knows. What is clear is that gold isn't the wealth-preserver many thought it was. Some gold stocks, like NovaGold and Kinross Gold (NYSE: KGC ) , have lost more than half their value in the last year.

It wasn't supposed to work this way. The bullish argument behind gold made so much sense. As the Federal Reserve ballooned its balance sheet, inflation was sure to take off. And as the government ran trillion-dollar deficits, confidence in the dollar was sure to go up in smoke.

But neither happened.

The Consumer Price Index has increased at an average annual rate of 1.87% since 2008. That's almost half the average level after World War II. Privately measured inflation gauges show roughly the same change. The vast majority of the new cash the Fed printed never really left the Fed at all, as banks kept it parked in excess reserves. And the federal budget deficit has been nearly cut in half as a percent of GDP. "It shocks people when I tell them the deficit as a percent of GDP is already close to being cut in half (this doesn't seem to ever make headlines)," wrote economic blogger Bill McBride last week. It may be shocking the gold market, too. People still talk about "trillion-dollar deficits as far as the eye can see" without realizing that no such forecast exists. Government debt as a percent of GDP is on track to fall over the next decade

Then there are rumors that the Fed will cut its quantitative easing within a few months. "I expect we will meet the test for substantial improvement in the outlook for the labor market by this summer," said San Francisco Fed president John Williams last week. "If that happens, we could start tapering our purchases then. If all goes as hoped, we could end the purchase program sometime late this year." This would have been unthinkable just a month ago.

To boot, gold purchases by central banks have long been cited as a bullish catalyst. But now fears are swirling that the central bank of Cyprus will be forced to dump its gold to finance an international bailout. If Cyprus, who else? Portugal? Spain? Italy?

The irony is that the goldbugs may get the story right but the investment wrong. Like any asset, gold is forward-looking and prone to wild overreactions. So prices doesn't always mesh with what's going on in the economy. Inflation in the 1980s averaged nearly 6% -- triple current levels -- and gold lost more than half its nominal value. It is entirely possible that the coming years will bring high inflation, but tumbling gold prices. Just as the Internet blossomed while the Nasdaq plunged from its high in 2000, asset prices can gallop far away from the stories people buy into them for. Indeed, they usually do.

Historically, gold has surprisingly little correlation with inflation. As one Citigroup research report put it: "There is no obvious relationship between the gold price and inflation." Instead, gold correlates fairly well with two events: negative real interest rates and financial panic. But if the economy is healing, as many think it is, real interest rates are likely to rise. And as the Cyprus bailout showed last month, markets appear to be well past the panic stages of the financial crisis. One interpretation is gold's fall is the shift in how investors perceive risk -- away from a world obsessed with panic and collapse toward one focused on long-term growth.

For those in gold for the long haul, that should be unsettling. Over time, gold's real return averages close to zero:



Asset


Average Annual Real Returns, 1838-2012



Stocks

6.49%


Treasury bonds

2.77%


Gold

0.46%


Source: Deutsche Bank Long-Term Asset Return Study

The stock market falling 20% or more is typically nothing for long-term investors to fret about -- historically, it's a once-every-five-years occurrence, with large gains over time. Gold is different. Over the long haul, the best it will do is preserve wealth. In between, it goes through periods, sometimes decades-long, of boom and bust.

No one knows if the gold story has peaked. What we know is that it's riskier than many believed. As Bill Bonner says, "People do not get what they want or what they expect from the markets; they get what they deserve."

Check back every Tuesday and Friday for Morgan Housel's columns on finance and economics.


http://www.fool.com/investing/general/2013/04/16/gold-collapse-the-beginning-of-something-big.aspx?source=isesitlnk0000001&mrr=0.50

[JohnCM]

RSI(14)19.36

[jglucky]

Can't believe these lows.

[jglucky]

2.45 - 2.50 continues to hold.

[catty]

My thoughta on NG: You have to realize that it's one of the weakest gold plays around. So, if the premium gold stocks are getting battered, NG will get hurt the worst. I'll be getitng back into it when gold turns around and the tides lift all stocks..then NG will be a good play. I may be wrong in my assessment, but that's my strategy.

[JohnCM]

$2.50 NovaGold is just, plain stupid ...

[JohnCM]

The NG low is long gone ...

[JohnCM]

I actually bought NG at 10:30am on Friday.

[JohnCM]

Contarian play? Hmmmm I have to admit that is one of my faults. I am always long. If you are long/short you can double your gain. And that is not so tough. Just play the RSI. Over 70 or under 30.

"Cannot believe the capitulation day was not Friday or Monday. How bad does the carnage have to be before the bottom is in place?"

"Nothing has changed except perceptions, and with gold that matters a lot. Yet the perception that the market is oversold will also develop in coming days."

[catty]

good day for gold today. hope it lasts. good luck to all of you holding NG. Am still looking to get back in, but not ready yet.

[jglucky]

What a great day for NG. Even with Gold prices dropping 10% and NG hitting a day low of 2.38, it was able to rebound and close in the green. NG saw a lot of buying support today.

[catty]

I eventually want to get back into gold (NG & NEM) but not right now I'm following the herd mentality. I think gold will have a comeback because I see inflation in the future. Near or far future, I'm not sure. But at the moment, I'll wait and watch. Still like the VXX (shorts the S&P.) Today it was very strong. It's basically a trading vehicle.

[JohnCM]

catty ended up being right. Getting close to flipping that opinion. I would consider easing in and if the rebound heats up, there are 3X ETF's that will turbo charge gains.

[JohnCM]

RSI(14)17.87
I guess this is our new record.



Did I see RSI(14) 18.92??

Did I say "buy" "buy" "buy" yet?

[JohnCM]

http://www.dubaichronicle.com/2013/04/14/gold-under-considerable-pressure/

[JohnCM]

http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=185606&sn=Detail

[JohnCM]

Did I see RSI(14) 18.92??

Did I say "buy" "buy" "buy" yet?

[JohnCM]

RSI(14) was 21.18

If that is not shooting fish in a barrel ....

[jglucky]

Just picked up another 500 shares at 2.80. While this stock MAY hit 2.50, I think we are approaching the low and are ready for a bounce back to the 3.30 range.

As always, all buys/sells/comments listed @ https://twitter.com/jglucky

[JohnCM]

Buying right here ... 9:54 am

[catty]

John: I'm still out of gold. If/when I get back in the two stocks I'll buy are NG and NEM...but not yet. Still don't trust the market...going up too much and too fast. (without any reason that I can see) However, if/whrn the market drops, I don't know how it will affect gold stocks. Very tricky

[jglucky]

Picked up a 1,000 shares at these levels. If it hits 2.75, I will pick up another 1k.

[JohnCM]

I guess you are smart to wait ...

I still hold GLD SLV and NUGT reluctantly ...

[catty]

John thanks. I'm waiting to get back into gold. In spite of the market's strength at the moment, I don't have good feelings, so I'm in VXX (shorts the SP)

[JohnCM]

Well ... GOLD $1,550 held.

I divested myself from NG.

Still holding MXOM SLV GLD and NUGT.

Not really looking to add. I am interested in BAA though ...

[catty]

John: Was wondering whether it's time to get back into gold stocks. I was in NG and NEM.

[JohnCM]

We know the bottom is $3.90

Now we just need to climb from there ...