3SOF

Any TA for new move?
Thanks

Hey- sorry, havent updated this thread in a while. Didnt think anyone else was holding with me or even interested in my thoughts on NXG...lol

Took profits on half my position at 1.71 then again when it dipped (2.09). Holding onto the rest (820 shares) for 3.00 and over. Today was beautiful to say the least.

Resistance at 2.50 - all time high levels... IMO this will be over 3.00 in 2006

Horizontal resistance levels shown on the previous charts I posted.

Good Luck,
Cal 

I'm interested CAL..
let me add some chart of this bullish stock

Uptrend Suport line broken as well as the 50 day MA..  Im fully out of this position- 2.15

What a ride!


cal 

NXG moving even higher... Not currently in the stock but 3.00 would be the target...

It continues to run! 

Made an awesome little run Cal......

Volume: 5,107,800
Avg Vol (3m): 2,187,430

Technicals
Record Price High
Most Actives
Percentage Gainer

Last Price Quote is:
inf%above 13-day EMA
inf%above 50-day EMA
RS Rating: 96 

Fundamentals
Key Data:
Market Cap (M): $286.66 
P/E Ratio: 9.17 
PEG Ratio: N/A 
Next Earnings: 05/01/2006
Last Analyst Rating: Sector Underperform

Headline News Link....  http://finance.yahoo.com/q/h?s=NXG

The GOLD bull run continues...........Strong close..........

Anyone holding NXG? Any thoughts on this stock and the sell off the last few days?

I sold today all of my stocks. I got creamed on NXG, NTO, TGB, AUY.  I think the 5 day chart for Gold looks the a possible H&S forming but I am not sure.  The stock market looks bad to me. INDU & COMP and most of the major indices broke through the support lines. Does anyone have any ideas about how bad this will be?  OR will it recover?

I think the gold selloff is orchestrated to shake out weak hands !
While big institutions are building positions.
Look at todays volume,The price shot up at the very end of the day.
Volume: 16,844,900
Avg Vol (3m): 4,911,490
Bounce off a 50.0% Fibonacci Retracement.
It appears that somebody bough shares just before closing and they did not care about the price..... I think the correction is just about over and people are jumping back in to take the next ride up.

Technicals
Record Volume
Most Actives
Percentage Gainer

Last Price Quote is:
inf%above 13-day EMA
inf%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $286.66 
P/E Ratio: 9.17 
PEG Ratio: N/A 
Next Earnings: 07/27/2006
Last Analyst Rating: Sector Underperform

Here is a thread on NXG,
Maybe that will help.

http://www.3stocksonfire.org/trading/index.php?topic=3685.0

Finding support.............

I also like this excerpt from Clive Maund on 321gold.com................"Metals and stocks are then expected to dip, with gold and silver dropping below last weeks lows to the levels detailed above, although stocks are not expected to drop much below last weeks' lows, and the stronger ones may not react as far as last weeks' lows.

http://www.321gold.com/editorials/maund/maund052206.html

http://biz.yahoo.com/iw/060525/0131524.html

with good news, gold consolidating and the market in a relief rally, Lets see what NXG can do!

This is strong NEWS! 

We should see strong volume tomorrow, Chart shows excellent support on the 50 MA.............

NORTHGATE INTERSECTS 8.92 g/tonne GOLD OVER 218.5 FEET AT YOUNG-DAVIDSON
Thursday May 25, 7:25 pm ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 25, 2006 -- Northgate Minerals Corporation (TSX:NGX.TO - News)(AMEX:NXG - News) today announced that diamond drilling at its Young-Davidson property near the town of Matachewan, Ontario continues to intersect significant gold mineralization. Assay results from six additional drill holes are reported herein.
ADVERTISEMENT


Drilling Highlights

- Hole YD06-1B, returned three gold bearing intervals, 33.49 g/tonne over 32.5 ft and 16.45 g/tonne over 20 ft both within a larger zone grading 8.92 g/tonne Au over 218.5 ft. Drill hole YD06-01B is the second best hole ever drilled on the property by any operator.

- Hole YD06-09, the second deepest hole ever on the property, intersected an extension of the Lower Boundary Zone 300 feet east and 250 ft below YD06-01B and returned 8.28 g/tonne Au over 52 ft within a broader zone of 4.49 g/tonne over 102.7 feet.

- Confirmation hole YD06-06, drilled to test the Upper Boundary Zone in the vicinity of historical intersections, returned 3.47 g/tonne over 105 ft and 5.33 g/tonne over 46.5 ft both within a zone grading 2.63 g/tonne over 199 ft. These results are consistent with the historic results.

- Four drills are presently active on the property. Two drills are testing the Lower Boundary Zone, one drill has just started the first hole testing the Lower YD Zone and a smaller fourth drill is testing the Lucky Zone.

Ken Stowe, President and Chief Executive Officer, stated, "Our view at the time that we acquired the Young-Davidson property was that it was a mine waiting to be developed and our exploration results thus far have provided compelling evidence to support this view. The wide gold intercepts in the deeper holes we have drilled below the Lower Boundary Zone are particularly noteworthy because they should make for a significant increase in the overall resource in a zone that has an ideal configuration for low cost bulk mining. We are also seeing considerable fine grained visible gold and some short, high-grade assay intervals that indicate the possibility of "jewellery box" zones once we get to detailed evaluation."

The fundamentals of the company are solid. This is one of the most efficient mining companies.

Company Facts
2005 Revenue (USD): 257.30M
Net Profit Margin: 20.93%
Operating Margin: 17.12%
Return on Average Assets: 22.98%
Return on Average Equity: 31.79%
2005 Employees: 360
815 Hornby Street Suite 404
Vancouver,  BC  V6Z 2E6
CAN 
+1-604-6814004 (Phone)
http://www.northgateminerals.com 

Company Financials Quarterly                                  (Mar '06)              Annual (2005) 
Income Statement
(in millions of USD)Total Revenue                              85.06                     257.30 
Gross Profit                                                            36.89                       72.22 
Operating Income                                                   22.79                       20.00 
Net Income                                                            21.73                      30.96 

Balance Sheet
(in millions of USD)Total Current Assets                     112.30                      89.10 
Total Assets                                                          311.93                     296.19 
Total Current Liabilities                                              31.92                       37.47 
Total Liabilities                                                         64.64                       72.57 
Total Equity                                                           247.30                     223.61             

Cash Flow
(in millions of USD)Net Income/Starting Line                 21.73                      32.89 
Cash from Operating                                                 28.89                      49.04 
Cash from Investing                                                 -2.02                       -13.26 
Cash from Financing                                                 -14.06                     -34.40 
Net Change in Cash                                                  12.80                        1.38


Technicals
Most Actives:
Volume: 7,216,800
Avg Vol (3m): 5,310,380
Gap Up
Percentage Gainer

Last Price Quote is:
inf%above 13-day EMA
inf%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $286.66 
P/E Ratio: 9.17 
PEG Ratio: N/A 
Next Earnings: 07/27/2006
Last Analyst Rating: Sector Underperform

Bounced very good of the 50-day MA