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Beijing Bill...

By: Decomposed in ROUND | Recommend this post (0)
Tue, 31 May 11 5:18 PM | 101 view(s)
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Msg. 33170 of 45510
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I hope I'm not jinxing you (or me either), but your NXG purchase is, once more, in the black. It's up 4 cents, to $2.96.

Throughout this most recent downturn, NXG held up *far* better than most other junior miners. Compare NXG to Jim Sinclair's heavily-hyped baby, GBG, which I have been using as a "somewhat similar" altnernative to NXG, and you'll see what I mean.

This may be a good sign for NXG. Unfortunately, it can also be viewed as a lack of speculative interst in NXG - relative to GBG, anyway. It's hard to say which is more the case.

NXG continues to be my largest holding, both in dollars and shares. If the price of *SILVER* tops $40, I will begin lightening my load of several stocks, including NXG. (NXG is a gold miner, but a strong correlation exists between silver's and gold's prices.)

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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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