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Gold/Mining/Energy : Northgate Exploration - NGX (TSE) -- Ignore unavailable to you. Want to Upgrade?

To: NYBob1 who wrote (14)	7/20/2007 2:29:05 AM
From: NYBob1	Read Replies (1) \| Respond to of 37

Gold continues upward bull wave $675.90/oz - July 19 -- U.S. gold futures finished higher on Thursday, extending the previous session's solid gains, boosted by a steadily weakening dollar, firm energy prices and safe-haven plays on worries about the U.S. subprime mortgage sector. Analysts said that if the precious metal breached $680 an ounce, bullion could resume its upward move toward - the psychological $700 level. The COMEX August gold contract settled up $4.40 at $678.10, dealing in a $6 range between $672.20 and $678.50, the loftiest level since June 5. The U.S. Dollar Index, a measure of the currency's value against a basket of six major currencies, was trading at 80.42, near a 12-year low set on Wednesday. The dollar was trading near its record lows versus the euro over concerns about the U.S. housing market. Frank Holmes, chief executive of U.S. Global Investors in San Antonio, Texas, with about $5 billion in assets under management, called gold's sharp rise on Wednesday a technical breakout. Holmes said gold's long-term inverse correlation with the dollar, and its positive correlation with oil, were temporarily disrupted, and that offered a buying opportunity for gold. In economic news, China's annual growth surged to an 11-1/2-year high of 11.9 percent in the second quarter. The figures put China on course to chalk up its straight fifth year of double-digit growth and to overtake Germany as the world's third-biggest economy -- perhaps as soon as this year... Got NXG / NGX - Northgate Minerals Corp. - Gold Mine Safety? - Lowest Gold cost producer in the industry - Imo. Tia. God Bless siliconinvestor.com siliconinvestor.com