RawGreed.com
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RawGreed.com - Stock Updates, Raw Greed Awards, Business Gossip
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Excerpted from the website:
- I’ve been asking myself what’s wrong with Northgate Minerals Corporation (NXG). The majority of the gold mining stocks that I watch closely follow the movements of the spot price of gold. NXG, on the other hand, has traded independent of whether the spot price of gold was up or down. NXG has roughly traded between $2.90 and $3.50 in the last month. NXG closed at $3 and dipped as low as $2.89 in yesterdays trading. The last time NXG hit an exact low of $2.89 was on October 13th, 2006. At that time gold was trading in the $580 range. I see that while other gold mining stocks are playing catchup to their 52-week highs, NXG has languished in comparative performance.
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