NovaGold (NG)

[miggi]

On board with your philosophy 100%. Over the past few years I have seen the seemingly impossible vertical lines in the charts which can only signify collusion and manipulation. I'm not a conspiracy theorist, but Middle of the night sale of thousands of contracts in the derivatives market? Shenanigans.

Sadly, since the repeal of glass steegle, FDIC and all this QE, how can we have true price discovery? How does one do valuation calculations on stock prices anymore?

And I don't give credence to the barrage of bogus headline news stories attempting to explain market movement. Changes every day.

But as long as we are living in the matrix and can see the code, I'm trying to make the best of it without losing my mind over how much doesn't make sense.

Thanks for the insight though. Glta

[BAD HEMPER]

Here we go. LOL. I an in just above $4. I hope this baby goes up again

[davewashdc]

A slightly better than expected job report in the usa, so the London cabal decided to take gold price down 1%+ and silver down almost 3% just before the open. The player in this mini-market decided to bail by withdrawing about a million shares in the first 1/2 hour, much to the delight of the short side.

It remains to be seen how quickly (and how far) the price of gold decides to bounce back today. There was a recent study inferring how the 5 big bank/fin co. players in London are biased towards the downside since 2003. You can see this bias by looking at the last week's 24 hour gold price cycle. The predominant influence to the down-side comes during hours 8 thru 15 (just before usa markets open; their 3:30 london phone gathering seems to be the most telling)

http://www.infomine.com/investment/metal-prices/

They gather by phone twice each day (London time: 9:30 and 3:30) and set their collective price goals. Of course they pass this inside information on to their respective trading operations on both sides of the pond. More than a bit of a scandle that perhaps the regulatory powers that be will someday get around to. (don't hold your breath)

Both gold and silver prices are beginning to bounce up a bit from today's lows; also a somewhat predictable event, as of late particularly. Don't believe me, look at the above weekly chart for both metals. I have been observing this for a few months now.

IMHO, today's action was to make up for yesterday's uncontrolled abrupt rise in both metals (due to the crimea crisis developments?).

I look forward to china's announcement (next month?) about how much of the world's gold they now possess. I am of the opinion that most of these western insider price setters are heavy into the "paper gold" side of things.

Full disclosure: I decided today to add to my shares at $4.02; including some short term call options purchases at a $4.00 strike price. We shall see. I tire of the corruption of their methods, but am now trying to take advantage.

I am focused on NG because the short side seems to be less in control than with many other miners's mini-markets due to the risk associated with the speculation about some bigger fish making a run at this smaller fish with a great inventory in the ground in n. America.

[BAD HEMPER]

i got in on this dip. let's see if the game was worth it.

[BAD HEMPER]

looks like a bounce coming

[miggi]

Why did this get killed at open today? Was 4.45 in premarket. No news out...

[WF]

Something's brewing with NG. UP 10% in two days. Today's volume is double the daily average. Someone is accumulating.

You just wonder when someone one is going to take a run at NG. Largest gold and copper deposits in safe, North America. China is accumulating both like crazy. NG is a big time bargain. Should be worth a takeover bid at $25 a share, IMO.

GLTA

[velcro]

Wise folks see multiple signs of national and international trouble, and are buying various gold stocks and some the actual metal as an inflation hedge. For myself, I haven't been in gold for the last five years, until now. Somewhat mystified how the interest rates can be so low, and not taking any chances since I hold no stock in politicians (ha).

[miggi]

Congratulations. Been there before. You should be in the green today. Enjoy.

[WF]

Back to even today. It has been a LONG road back. Happy day!!

[JohnCM]

[JohnCM]

I would put NG in my "dog pound"

I own 2 other "doggie" miners IAG and GFI ( because I saw opportunity to buy "cheap" )

Stayed away from "exploration" companies this time around.

[miggi]

Haven't taken the profits yet. Though that is my style to pull out initial investment and let the rest ride. Got the tip on this from stansberry last year. Looking like a good year to come.

[JohnCM]

Play with house money?

[JohnCM]

That is rare and a shocking development. Although ALL boats did rise ...

[miggi]

I'm in since low $2 and I'm staying. There's room to grow.

[bikaver]

Sold NG for nearly 60% gain.

[JohnCM]

[JohnCM]

Downbeat PMI data pushes global shares lower

BY NIGEL STEPHENSON
LONDON Thu Feb 20, 2014 5:10am EST

(Reuters) - Shares fell and the safe-haven yen rose on Thursday after surveys showing factory activity slowing in China and stuttering in Europe highlighted the fragility of the global economic recovery.

A contraction in Chinese manufacturing set the gloomy tone and this was reinforced by data showing the service sector in France shrank at its fastest pace in nine months.

An expected acceleration in activity across the whole euro zone failed to materialize. Markit's Composite Purchasing Managers' Index dipped but held just below January's 31-month high.

"The outcome was much weaker than expected and it clearly shows how business sentiment is failing to gain momentum as headwinds to growth are still well alive," said Annalisa Piazza, market economist at Newedge Strategy, after the French data.

Escalating conflict in the Ukrainian capital, Kiev, hit developing country stocks and MSCI's emerging market index .MSCIEF fell more than 1 percent.

MSCI's world equity index .MIWD00000PUS, which tracks shares in 45 countries, was down 0.6 percent, a six-day low, having hit its highest in almost a month on Wednesday.

In Europe, the benchmark FTSEurofirst 300 index .FTEU3 lost 0.8 percent, with mixed PMI data from Germany, the euro zone's powerhouse, barely lifting the mood.

"I think we're in for more sell-offs," said Darren Courtney-Cook, head of trading at Central Markets Investment Management.

SAFE HAVENS

The yen, which traditionally gains at times of market turmoil, rose 0.5 percent against the dollar to trade at 101.77 to the greenback. The euro was down 0.2 percent at

$1.3708.

The dollar had firmed overnight after minutes of the U.S. Federal Reserve's latest policy meeting showing the central bank would keep trimming its asset-purchase program. The dollar index .DXY, which measures the greenback against a basket of currencies, was 0.2 percent higher at 80.281.

Yields on low-risk German government bonds and U.S. Treasuries fell.

Earlier, Asian stocks tumbled after the preliminary China Purchasing Managers' Index from HSBC/Markit for February fell to a seven-month low of 48.3 in February from January's final reading of 49.5. A reading below 50 denotes contraction.

The Lunar New Year festival, which began on January 31 and covered early February, probably affected factory output as manufacturers shut up shop for the holiday.

"You have to expect Beijing to act if the economy slows down more from here, because they cannot proceed with their reform agenda without maintaining a certain level of growth," said Linus Yip, a Hong Kong-based strategist at First Shanghai Securities.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell almost 1 percent. Japan's Nikkei stock average .N225 ended down 2.2 percent, its biggest daily percentage drop in two weeks.

On Wall Street on Wednesday, the Dow Jones industrial average .DJI, the Standard & Poor's 500 Index .SPX and the Nasdaq Composite Index .IXIC all skidded after the Fed minutes were released.

Three Fed officials said on Wednesday said they believed the U.S. economy was gaining traction despite a recent slowdown caused by bad weather, allowing the central bank to stick to its plan to wind down bond-buying this year.

The yield on benchmark 10-year Treasury notes fell to 2.703 percent, compared with Wednesday's U.S. close of 2.734 percent.

In commodities markets, Brent crude slid below $110 a barrel on Thursday, dragged down by the data from China, the world's second largest oil consumer.

Spot gold ticked up to $1,314 an ounce.

[JohnCM]

[JohnCM]

Excellent wine country south of Sacramento. Big Zinfandels ...

[Awesome McAwesome]

Oh really thats amazing!

NBRI just start mining the famous ruby mine. But unforuntalty the PPS is very low

[JohnCM]

My family lives in Nevada City.

http://www.northbayresources.com/ruby/

I much prefer Garibaldi

[Awesome McAwesome]

Yes indeer Silver have big potential. I prefert to have silver coins Physical.

But if you have time check the quote of NBRI. And tell me whats your opinion of this company.

www.northbayresources.com

Keep in touch John

[JohnCM]

I would still look to silver.

[Awesome McAwesome]

NBRI, SLTA ;)

[ManyWaysToProfit]

I'll take my 21% gain and move on, I could be bailing to early but no one ever went broke by taking profits, I'll keep it on my watchlist though....

[ManyWaysToProfit]

The chart did turn, Interestingly enough a couple of weeks ago....

[ManyWaysToProfit]

Is the chart going to let this one break out, Time will tell....

[ManyWaysToProfit]

Gold to $1,000 & under ? > http://blogs.marketwatch.com/thetell/2013/09/13/gold-under-1000-an-ounce-dont-rule-it-out-says-goldman-sachs/

and with the reported Jobs report we had today (which was funny and as always sugar-coated and full of lies)and the DOW has gained triple digits, the further descent is possible, for these reasons below >

http://mobile.wnd.com/markets/news/read/23913692/goldman_sachs_is_manipulating_gold_prices_right_before_your_eyes

http://www.silverdoctors.com/tag/silver-manipulation/

http://www.silverdoctors.com/is-jp-morgan-shorting-paper-metals-while-acquiring-massive-physical-stockpiles-of-gold-silver/

http://silvernews.info/2013/04/cftc-has-info-intel-that-jpm-does-manipulate-silver-gold/

http://goldsilverworlds.com/price/ted-butler-jp-morgans-perfect-silver-manipulation-cannot-last-forever/

My opinion, I'm actually a Gold and Silver bug, more of a Silver bug actually, but those individuals that have truly did research out there and even read between the lines (or lies I call it) understand a pullback or sell-off is coming in the marketplace very soon and I agree and I personally think the next time Gold and Silver starts to run it never looks back at even these current prices but regardless here is the important part that defines my strategy, it's not "IF" it happens, it's "WHEN" and it's better to be at least somewhat prepared even at this price point even if you have to take a slight decrease in your investment just in case it does continue downward than not to be prepared at all but manipulation is a powerful tool but I continue to prepare but also seeking better pricing to accumulate in case this does happen...

[JohnCM]

If we were to see GOLD $750 ...

well, I hate to imagine the sentiment.

[ManyWaysToProfit]

I'll do some dd on those you mentioned, I have a few of interest on my watchlist I personally think Gold could sink further maybe to $1,000 an ounce or possibly to $750 an ounce so I'm definitely not in a hurry unless the chart changes, I definitely think the DOW will make a major correction and go to 6,000 and below at some point in the future so I trade both ways and do options as well so it will be interesting to say the least especially in March of 2014 when this Tapering topic comes up again. Thanks for the other stocks you mentioned i appreciate it.

[JohnCM]

Hey, you are a winner!

[JohnCM]

Not sure you want to pick NG if you have a choice.

SAN* IAM* EG* NG* AN* might be better opportunities.

[ManyWaysToProfit]

The month of December brings the Value Shoppers out in the stock market, I'll put this one on the watchlist but I expect a further decline with the sell-off just now beginning I'll wait and do more dd to see where a satisfactory entry point might be.

[JohnCM]

Thank you for sharing.

Was able to read page one only without registration.

[ECole]

Transcript of recently held Cowen & co Conference call


link here

http://www.earningsimpact.com/Transcript/84697/NG/Novagold-Resources-Inc----Cowen-and-Company-4th-Annual-Global-Metals%2c-Mining-and-Materials-Conference

[JohnCM]

Not adding here ...

But I did initiate a position in EK* at $4.00

and added twice today SAN* at $4.92 and $4.99

[GoldenLaurenza]

Nice Gift! $NG looking hot and heavy.

[JohnCM]

It appears we are getting a gift as PM miner and exploration company stock purchasers. After a bounce off stock chart and spot gold lows, we rolled over and started to approach those lows again. We will not reach them. We have stabilized and we once again have an opportunity to buy at very attractive levels. This may have a time window of one to two weeks?

IMO

[bikaver]

Took a position NG 2.30

[microcap4]

Buy options

[boo boo]

That was the 200 ma. We're now at/near the 50. Watch if it holds. Gap filled as well.

[JohnCM]

"short term top could be in"

Well said ...

[boo boo]

Back in with a 10% discount to last sale. SVLC appears to under accumulation as well. Folks might want to take a look at that one.

[boo boo]

Wasn't expecting it to fill the opening gap, but it has...what to do??? I'll be patient. Pokersam says gold tops out at 1420. Going with what I have in the core for now. If this one doesn't recover today, short term top could be in as it looks to paint an inverted hammer on what appears will end up being a good volume day, IMHO, as always.

[boo boo]

Got me some in the $2.70's range that I'm looking to let go at or near the 200 ma. Think I can reposition at a better price. Still hold a core position.

[Deep Space]

Nice Job JohnCM!

DONLIN

[JohnCM]

Finally NG looking good in my portfolio.

[Deep Space]

Yes it is. Lets get that one million ounces a year on out!!