Replies to post #4826 on Northgate Minerals Corp (NXG)

[NYBob]

NXG Gold futures up $12 this week -
August 3 --

Gold futures climbed Friday to finish the week -
with a gain of more than $12 an ounce as sluggish U.S. -
employment data helped drive down the dollar and boost -
demand for gold.
Gold has been 'stirred, but not shaken' over the turmoil
in the world financial markets and investors are waking up
once again to its safe haven status.
With just a few more weeks before we enter a seasonally
strong period for gold, the surprise could be how fast
we rally to last year's highs around $730.
Gold for December delivery closed at $684.40, up $7.80 on
the New York Mercantile Exchange.
That was its strongest closing level since July 26.
The contract ended the week with a 1.8%, or $12.10-an-ounce,
gain after closing last Friday at $672.30.
The gold is benefiting from a weaker-than-expected payrolls
number," said Burton Schlichter, director of trading at
New World Trading.
Weaker economic data, the dollar is experiencing weakness
against the major currencies, which is contributing to
the rally in gold.
Also December gold managed to break the $680 "barrier" which
"inspired technical buying," etc. -


http://investorshub.advfn.com/boards/read_msg.asp?message_id=21784880

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21781030

http://investorshub.advfn.com/boards/read_msg.asp?message_id=21773402

Imo. Tia.
God Bless America

Ps.
Gold & Silver - The Only Real Money Standard =
not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21823627