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Gold/Mining/Energy : NovaGold Resources Inc. (NG) -NYSE MKT -- Ignore unavailable to you. Want to Upgrade?


To: rsie who wrote (45)11/7/2014 3:45:48 PM
From: Investor2  Respond to of 129
 
i am not a chart guy, but this looks , well not good.
I agree. It doesn't look good, especially if the price drops convincingly below that horizontal, dashed support line drawn on the chart.

I'm still holding my relatively small position in NG as a "hedge". Aside from a few gold Eagles (or equivalent) purchased years ago, my exposure to Gold has been limited to the holdings of mutual funds. I decided to use NG as a long "option" on the price of gold. So far, I'm still a little ahead.

Best wishes,

I2