- 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'