kingrichards
06-04-2009, 07:54 AM
100% gain….that’s right! The last time we brought :):) to you the price per share rose over 100% and we feel right now might be another great trading opportunity for NGHI based on not only the price per share on Nevada Gold, but on Gold in general.
Gold is hot and should continue to be HOT! As both currencies and markets fall or slide sideways, Gold is clearly the only safe haven for investors. And prices are reflecting that!
On Tuesday of this week, Gold rose $4.60 to $983.20 on the Comex division of the New York Mercantile Exchange. Some experts are predicting that in the near term that gold will top $1,000 an ounce. Some pundits are proclaiming that gold will top $2,000 an ounce within the next year. We think this is all good news for NGHI!
What else does NGHI have going for it right now?
Nevada is one of the most prolific gold regions in the world
It is 2nd in gold reserves only behind Witwatersrand in South Africa
Since 1907, Nevada has produced over 146.7 MM oz Au at a value of over $135 Billion
NGHI President and Chief Geologist, Dave Mathewson, is recognized as one of Nevada’s most successful and qualified geologists
Mr. Mathewson is widely recognized as an expert in Nevada gold mining and has an outstanding track record with other Gold firms, such as Newmont Mining, Athena Gold and Tone Resources
NGHI recently ran from .20 to .60 and then pulled back to support levels at .25 which was the 20 moving average line. After yesterday’s action we feel that NGHI is primed again for a possible continued upward move. Resistance on NGHI is now at .385 .45 and then possible .55 ranges ahead. Yesterdays “bullish engulfing” candle not only shows us that buyers are taking advantage of this lower price but also that selling appears to be slowing. See the chart below for a more detailed technical outlook.
Of course never listen to anything I say and always, do your own research.
Gold is hot and should continue to be HOT! As both currencies and markets fall or slide sideways, Gold is clearly the only safe haven for investors. And prices are reflecting that!
On Tuesday of this week, Gold rose $4.60 to $983.20 on the Comex division of the New York Mercantile Exchange. Some experts are predicting that in the near term that gold will top $1,000 an ounce. Some pundits are proclaiming that gold will top $2,000 an ounce within the next year. We think this is all good news for NGHI!
What else does NGHI have going for it right now?
Nevada is one of the most prolific gold regions in the world
It is 2nd in gold reserves only behind Witwatersrand in South Africa
Since 1907, Nevada has produced over 146.7 MM oz Au at a value of over $135 Billion
NGHI President and Chief Geologist, Dave Mathewson, is recognized as one of Nevada’s most successful and qualified geologists
Mr. Mathewson is widely recognized as an expert in Nevada gold mining and has an outstanding track record with other Gold firms, such as Newmont Mining, Athena Gold and Tone Resources
NGHI recently ran from .20 to .60 and then pulled back to support levels at .25 which was the 20 moving average line. After yesterday’s action we feel that NGHI is primed again for a possible continued upward move. Resistance on NGHI is now at .385 .45 and then possible .55 ranges ahead. Yesterdays “bullish engulfing” candle not only shows us that buyers are taking advantage of this lower price but also that selling appears to be slowing. See the chart below for a more detailed technical outlook.
Of course never listen to anything I say and always, do your own research.