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Re: NXG - *SOLD* (again)

By: Decomposed in ROUND | Recommend this post (0)
Fri, 02 Sep 11 10:45 PM | 50 view(s)
Boardmark this board | De's Test Board 		Msg. 34759 of 45644
(This msg. is a reply to 34758 by Decomposed)
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I now have a 5.3x "standard" stake in Northgate. If the price continues rising, I'll sell more - not because I dislike Northgate but because gold is due for a major selloff, imo.




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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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The above is a reply to the following message:
NXG - *SOLD* (again)
By: Decomposed in ROUND
Fri, 02 Sep 11 10:34 PM 		Msg. 34758 of 45644

I sold another 2x stake in NXG a half hour ago, at $4.23/share.

And no, Nemo. My average is nowhere near $2.75. I had sold *ALL* of my Northgate in July, remember? The shares I'm selling today were bought only a few days ago, at prices ranging from $4.00 to $4.38 per share.

I was badly screwed by Northgate's deals with Primero and AuRico. (I'm normally diversified enough that sudden actions don't hurt me too badly, but that one really stung.) I held large quantities of Northgate almost nonstop for ten years, bailed when the Primero deal was announced, then missed out on the huge price jump a month later when the Primero deal was scrapped and the AuRico deal announced. How sad is that??

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