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Gold/Mining/Energy : Northgate NGX on NYSE -- Ignore unavailable to you. Want to Upgrade?


To: NYBob1 who wrote (71)7/25/2007 11:34:03 PM
From: NYBob1  Respond to of 89
 
Gold July 25 -- a trader said that "with an unusual amount
of $680 gold calls still open, it comes as no surprise
to me that the trade would like to keep gold depressed
through tomorrow."
After Tuesday's "collapse in the U.S. paper equity market,
some funds had to meet margin calls and reduce overall
risk levels," said Ned Schmidt.
"That selling is pushing down gold to an oversold condition.
Investors should be buying gold at these prices, while
deluded fund managers are selling," he said.
"The continuous capping of gold is frustrating at times
but is expected to be overwhelmed by physical buying
in the long run," said Grandich.
Julian Phillips, an analyst echoed this sentiment,
saying that "the fall has not prejudiced the change
of direction of gold yet.
Overall, long-term investors are dominant in the market,
making external factors (oil and the dollar) direction
deciders."
As for gold, "the funds had a field day, but long-term
buyers and physical buyers don't chase prices,"
said Phillips.
"Buying on the fall is the clever way, so now you should
begin to see a recovery.
From the middle of August on, should this happen, you will
see buyers rush in much quicker than we are seeing at
the moment.
But professionals will come in near support to take it
back up," he said.
"This market can be as exciting as driving a Ferrari,
if you keep calm on days like these."....



Message 23722960

siliconinvestor.com



To: NYBob1 who wrote (71)8/2/2007 3:33:33 PM
From: NYBob1  Read Replies (1) | Respond to of 89
 
Northgate Minerals Corp. - 2007 PRODUCTION PLAN -

Gold Production 285,000 ounces

Copper Production 74.5 million pounds

Silver Production 385,000 ounces

Cash Cost negative US$10 / ounce *
*Assuming the copper price averages $2.50 in 2007

NGX/NXG - Kemess South Mine - Performance 2n Q. 2007 -

The Kemess mine posted gold and copper production -

Gold of 65,999 ounces Au -
Net cash cost of production of $35 per ounce of gold -
also produced -

Copper 14.8 million pounds Cu -
respectively in the second quarter of 2007.

From a financial point of view, the second quarter -
was also very successful as -
the Kemess mine generated over $43 million -
in operating cash flow and our -
cash balance increased to over > $317 million.

Northgate's revenue in the second quarter of 2007 was -
Total $80,878,000.00 -

The Corporation recorded net interest income of $4,464,000.--
in the second quarter of 2007 compared with
net interest income of $702,000 in the corresponding quarter
of 2006.
The dramatic increase in interest income was the result of
substantial increases in the Corporation's cash position
due to strong operating cash flow and the exercise of
share purchase warrants in December 2006, which brought
$99,998,000.- into Northgate's treasury.

Got NXG / NGX - Northgate Minerals Corp. -

Gold Mine Safety? -

NXG Lowest Gold cost Au producer in the industry? -

Imo. Tia.
God Bless

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Ps.
Gold & Silver is Money Standard =
not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz.