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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (12666)3/18/2011 2:02:39 PM
From: Broken_Clock  Read Replies (1) | Respond to of 119360
 
Breaking News: Housing Starts, Mortgage Apps Nose Dive
March 17, 2011 · Leave a Comment
Breaking Real Estate News:
* Housing starts nose dive by 22%. That is the second lowest housing starts report ever. This should be absolutely no surprise to anyone. As long as REOs (and Short Sales) are priced more competitively new construction will continue to drag.
* Mortgage Applications Decline. Perhaps more troubling new purchase apps for mortgages and re-fis surprisingly drop. Why is this a surprise? We are entering into what should be the ‘spring selling season’. Fewer apps for new mortgages means…fewer buyers interesting in buying.



To: patron_anejo_por_favor who wrote (12666)3/18/2011 3:59:59 PM
From: koan  Read Replies (2) | Respond to of 119360
 
Big day for NGD today, up .60!! And they have the go ahead for the monster El Morrow. I bought most the NGD B wts which sold today.

Date Ex:Sym Open Hi Lo Close Chg Vol #Tr Bid Ask
2011-03-17 T : NGD 9.60 9.84 9.33 9.79 +0.35 1,973,126 3900 9.71 9.84
2011-03-16 T : NGD 9.45 9.58 9.32 9.44 +0.11 1,565,293 5113 9.38 9.48
2011-03-15 T : NGD 9.40 9.40 9.17 9.33 -0.52 1,760,272 5549 9.33 9.35
2011-03-14 T : NGD 9.80 9.99 9.73 9.85 +0.08 1,252,015 3453 9

New Gold Inc (C-NGD) - News Release
New Gold, Goldcorp receive El Morro EIA approval

2011-03-16 19:10 ET - News Release
Shares issued 399,101,677
NGD Close 2011-03-16 C$ 9.44

Mr. Robert Gallagher reports

NEW GOLD ANNOUNCES APPROVAL OF EL MORRO ENVIRONMENTAL IMPACT ASSESSMENT

Authorities in Chile have approved an environmental impact assessment (EIA) for New Gold Inc.'s El Morro project in northern Chile. New Gold is a 30-per-cent joint venture partner in the project, with Goldcorp Inc., the project developer, holding 70 per cent.

The granting of the EIA facilitates commencement of construction activities by Goldcorp, and specific permits will be obtained during the course of project implementation. Goldcorp will now conduct condemnation drilling, and subsequent exploration drilling will concentrate on infill drilling and sampling for metallurgical and geo-technical data. A further update to the feasibility study is expected in the third quarter of 2011, including revised capital and operating cost estimates, and some refinements to the mine plan and mining equipment requirements.

"The exploration upside at El Morro remains tremendously exciting," stated Robert Gallagher, president and chief executive officer. "The El Morro project in Chile is a world-class project in one of the best mining jurisdictions in the world, and has the potential to have a significant positive impact on our cash flow. Approval of the EIA is a critical milestone in the advancement of the project."

El Morro is an advanced-stage copper-gold project located in northern Chile. New Gold's share of proven and probable reserves is 2.5 million ounces of gold and 1.8 billion pounds of copper with an additional 1.3 million ounces of gold and 0.6 billion pounds of copper in the inferred resource category. As reported in Stockwatch Feb. 10, 2011, New Gold announced an updated mineral reserve and resource estimate as of year-end 2010, reflecting new mineral reserve and resource estimates announced by Goldcorp.

For additional detail on reserves and resources, including related assumptions and disclosure, please refer to the company's news in Stockwatch Feb. 10, 2011.

Mark Petersen, vice-president, exploration, New Gold, who is a qualified person as such term is defined under National Instrument 43-101, has reviewed and approved the contents of this news release.

We seek Safe Harbor.