Replies to post #405 on NovaGold (NG)

[Tommy]

Should NovaGold Be Avoided At These Levels Or Bought For The Long Term?

http://seekingalpha.com/article/799471-should-novagold-be-avoided-at-these-levels-or-bought-for-the-long-term

... "The increasing price of gold is a great catalyst to own the miners. Other reasons to own NG specifically include NG being a possible takeover target (though do not buy solely for this reason). They are also spinning off into the copper industry, increasing their metals and mining operations, through NovaCopper. Finally, there has not been any insider selling of company shares either, suggesting management isn't worried about further declines in share price. Time will tell if the major institutions that are holding NG have sold out of their positions, or are doing more buying. I would take either as a buy signal, as buying clearly suggests future strength, and selling would suggest the bottom may be in for the stock.

Bottom line, I think the gold miners are a buy right now, and I believe NG makes for a long term buy. I am closely watching the $4.00 level." ...