$NGHI Could Gain BIG on Gold Trend!
September 3rd, 2009 at 7:39 am Posted by The Dean
$NGHI Could Have You Seeing GOLD!
Gold is up $4.90 so far pushing the price to over $983 an ounce after moving as high as $989.50 so far today. The Dean has being doing his homework and knows that gold is up for the second consecutive day.
Other sources such as Bloomberg suggest that the dollar has weakened and this raises DEMAND for gold as an alternative investment.
As a result, $NGHI has been up as high as $0.28 an increase of 25% from an open of $0.21 earlier today.
The Dean thinks gold’s upward move could just be getting started, after reports that gold is at a 3 month high. The Dean believes this will pay off for $NGHI‘s efforts in paving their way to gold mine profits.
In 2008, gold stocks and prices saw a peak around November but The Dean thinks that the weakening dollar and economic concerns will continue to drive the price of gold because many are seeking a safe haven for their money.
Gold exploration and production companies like $NGHI could benefit from this gold trend. And speaking of trends, The Dean believes that $NGHI could strike it rich because the Rabbit Creek Trend is a newly developing region with plenty of wealth to be found.
$NGHI‘s plan is to dig new holes and drill deeper in areas thought to be RICH in gold. Matthewson estimates that 65% of the 160 previously dug holes contained significant trades of gold which could mean good news for $NGHI‘s exploration efforts.
Since $NGHI is digging in a trend where 50 million ounces of gold is said to exist, they could capture a very small percentage of the area’s gold and still make BIG time profits.
Let’s assume that this estimate is correct and that there’s a possible 50 million ounces at $120 ounces for potential finders. That means $NGHI has potential of playing some serious finders keepers in a $6 billion possible market.
The Dean believes $NGHI‘s ultimate payoff could come in the form of a buyout from a larger gold exploration company. $NGHI could be investors next shining opportunity, if all that gold doesn’t blind them too much to see.
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debating on buying in around $0.18. what do you guys think?
In this recession time when Dollars demand is decreading and Gold is reaching new heights everyday. The Dean gives good indepth analysis. One can see that Dean has done a good home work.
I kept my eyes on $NGHI since last year when recession hits market and Gold Prices took upward treands. I see one good opportunity in $NGHI.
Trust on $NGHI is always there as there capacity of Gold mining is good and they keep exploring more and more mines.
I firmly believes that Big time for $NGHI is yet to come as there will be upwards trends in Gold prices will continue this year.
Certainly, I have invested at right time and getting returns higher than 400%.