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S&P 500: 1,317.45 Change: +0.03%
pjgenot
P&P Score: 12.37 | Points: -24.43 | Accuracy: 60.71 | Average Pick Score: 1.50   Annual Return: N/A  
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Commentary
BUY: NATIONAL SVC IND STOCK DIST (NGD) Rating: 1
Start Price: $2.37
Points: +21.71
Created: 07/10/2009
New Gold, Inc. is a gold mining company focused on the exploration and development of the Afton Copper-Gold Project, located 6 miles (10 km) west of Kamloops, British Columbia.

This is a very speculative pick right now. I think gold and mining stocks will be very volatile in the short-term.

However, I am looking for the long-term bull market in all things gold to continue. As the price of gold continues to rise, I expect the share price of NGD will climb along with it.

Time will tell.

1 Comment(s):

Author pjgenot     Date 2009-11-19 10:52:03
New Gold suspended its Cerro San Pedro mine after the Mexican court revoked its permit. Not good news because it needed the cash flow from this project in order to fund its New Ashton project. Getting out now with a nice gain!
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