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Novagold Resources (NG) - Slumdog Superstar!

|Includes:NovaGold Resources, Inc (NG)

I recommended Novagold Resources as a speculative play for the Slumdog Millionaire portfolio during a mid-week alert just a couple of weeks back. The stock was trading around $2.90 or so. We acquired it and 3 and some loose change for the Slumdog Millionaire portfolio. Ever since then NG keeps going up and up and currently at $5.28. As you all know when I look at an equity I look at its charts first and then the fundamentals next. I loved NG based on its charts and then I read a bullish article on SeekingAlpha which postulated that NG had great fundamentals. As best as I understand one of the key attributes of NG is that it has one of the largest reserves of Gold for any small cap Gold miner! With Gold prices poised to keep climbing higher I feel that NG may have a lot of room to continue its run north!

Stocks: NG