Exiled European

Northgate: Mid-Tier Gold Producer with Strong Cashflow

It is not the end of the world for NXG and I just bought a block of shares in the company at 1.44. And I have traded this stock a dozen times before with considerable success (although I misjudged my timing a few times). This stock is deeply oversold and I expect it will rebound to 2.5 this Autumn. The trick with gold mining shares is not to buy and hold for years. Buy and sell as often as you can make money, pay your taxes and you will be still ahead. Don't be vane if your timing was off, admit it, sell and try again letter. After all, timing is essential.