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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: NYBob1 who wrote (129)7/10/2007 11:17:38 AM
From: NYBob1   of 158
 
DJ: Comex Gold, Silver Supported By Soft Dollar

1406 GMT [Dow Jones] - Comex Aug gold is up $1.10 to $663.60
and Sep silver is up 10.5 cents to $12.925.

"It looks like euro/dollar is holding us up here,"
says a Comex floor trader.

The single European currency is up to $1.3706 from
$1.3625 late Monday. In fact, it hit an all-time high
against the dollar on worries about the U.S. housing sector.

"News before the open that Home Depot had cut its profit
outlook was shortly followed by new that U.S. home builder
D.R. Horton reported a plunge of home orders, and
increased cancellations hit a raw nerve in the market,
which is particularly sensitive to U.S. housing/subprime
issues as it is the centerpiece of the camp that favors a
Fed rate cut this year," says Marc Chandler, global head
of currency strategy for Brown Brothers Harriman. (ALS)

$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 -
Imo. Tia.
God Bless

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