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home / news releases / NG - NovaGold: All That Glitters Is Not Gold Not Until Very 'Long'

NG - NovaGold: All That Glitters Is Not Gold Not Until Very 'Long'

Novagold Resources Inc.
  • NG's 50%-owned Donlin Gold project has a strong fundamental appeal.
  • However, near-term headwinds impact an investment case in the company.
  • In its current situation, the stock is a speculative play that provides swing-trading opportunities given the recent momentum in gold prices.
  • Initiating a small position with a very "long" perspective is an appropriate investment strategy.
  • Likewise, a suitable trading strategy would be to buy the dip at or around $8.6/share with a near-term horizon.

For further details see:

NovaGold: All That Glitters Is Not Gold, Not Until Very 'Long'
Stock Information
Company Name: Novagold Resources Inc.
Stock Symbol: NG
Market: NYSE
Website: novagold.com
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