(NGD) New Gold Great Chart

New Gold is an intermediate gold producer with great projects.  They just aquired Western Goldfields.  They have the cash flow to grow and develop new projects such as the New Afton project in British Columbia.  Their management is the best in the business.  Some of the directors ran Newmont and Goldcorp.  They know how to finance gold companies and have a history of success for their shareholders.

Look for a breakout.


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  1. [...] we have made doubles in this ongoing saga since we first highlighted it in early 2009. Click here to see original recommendation. The chart is extremely powerful. This could well be the hallmark of [...]
  2. [...] wise to follow these astute investors and look at this recent correction as a buying opportunity.  Since early 2009 when we initiated coverage on this company at 1/6th the price, New Gold has done a remarkable job with keeping Cerro San Pedro running in Mexico, developing El [...]
  3. [...] For several months I have indicated to my readers not to abandon the junior gold mining sector and to actually observe the pickup in Mergers and Acquisition activity that the bear market bottom may be near.  I’ve seen M&A turn around the sector before.  It was in early 2009 when I found New (NGD)Gold for subscribers after it merged with Metallica and Western Goldfields around $2. The stock ran to $14 in 2011. See the chart back from 2009. [...]

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