Northgate Exploration Limited - TSX: NGX; AMEX: NXG Message Board

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Gold/Mining/Energy : Northgate Exploration Limited - TSX: NGX; AMEX: NXG

NXG 49.41

-0.9%

Oct 30 3:57 PM EDT

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To: NYBob1 who wrote (133)	10/18/2007 3:59:53 PM
From: NYBob1	of 148

Gold is back on the move to the upside this morning spurred by solid speculative interest from India in overseas trading. Gold has recouped all of yesterday's modest losses and has put resistance at $766.60/$770.00 back under pressure. While gold has backed off the highs in recent trading, further attacks on the upside are considered likely. A break of $766.60/$770.00 would clear the way for probes above $800.00 and ultimately a retest of the all time high at $875.00. India is the largest buyer of physical gold in the world and they viewed Wednesday's limited setback, the first in more than a week, as a buying opportunity. Indian traders are pretty savvy as a general rule and the fact that they bought a $3.00 correction fairly aggressively is suggestive of a rather bullish outlook - Gold LT doing good but NXG LT doing better - Got Northgate NGX/NXG Gold bargain for fiatz$peanuts - Well, what better Gold mine treasure can you find? - Imo. Tia. God Bless the Mission is to help U to see the top T - siliconinvestor.com siliconinvestor.com

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