NovaGold (NG)

[stockrookiehere]

Some people thought John Paulson may have exited his position in the company which is untrue, in fact he has been adding to his position, http://www.marketfolly.com/2012/04/john-paulson-keeps-buying-novagold.html

the RSI was already low and oversold and they had a sell-off because people over-reacted to a "pr" stating that Chief Operating Officer, Gil Leathley had retired, plus it also had a short interest in it, Gold prices are heavily manipulated and I always buy "fear" just like in 2008 and ride them up for nice gains...

This is my "Long" term play unless something happens out of the normal with this company.

You may want to check out JAG for a possible short term play it's RSI is also low and oversold and i'll add to my position in the .60's.. unless the chart shows otherwise...

Gold needs to hold support this week and next week should start the next trend upward... in my opinion...