Northgate NGX on NYSE Message Board

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Gold/Mining/Energy : Northgate NGX on NYSE

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To: NYBob1 who wrote (60)	7/10/2007 10:35:06 AM
From: NYBob1	Read Replies (1) of 89

Gold gains $8 as dollar drifts - July 9 -- Gold futures closed sharply higher Monday, extending their prior-session gains, boosted by softness in the dollar and general strength in the metals market. Gold for August delivery closed up $7.70 at $662.50 on the New York Mercantile Exchange. Other metals prices also gained ground. "Today's movements seem to be a buy into the metals and commodities in general," said Zachary Oxman, senior trader at Wisdom Financial. A supply shortage and strike issues in base metals, such as London copper, are pushing the complex higher, he said. "Gold is coming off of an oversold situation where most of the longs from early 2007 were liquidated, which is leading to a market that can be driven quickly either way as the trade re-approaches the market," Oxman said $6 price target for NGX - Northgate Minerals Corp. (NGX : TSX) Estimates upped on new gold & copper prices Blackmont Capital maintains "buy", 12-month target price is raised to $6.00 - Northgate Minerals Corp. NXG Last: 3.13 Change: +0.04(+1.29%) Volume: 2.27 m Last Trade: 3:59 DL 7/9/2007 3:57 PM investorshub.com investorshub.com siliconinvestor.com investorshub.com

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