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June 8, 2009 / Jeb

New Gold(NGD) Second Chance to Purchase

NGD came to its 20 day moving average and is closing at the high of the day reversing from being down most of the day shaking out weak hands.  Buy at 2.65.



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  1. Tuni Singh / Jun 9 2009 4:50 pm

    Great call Jeb-I wish I had checked out the blog earlier today! TGB did the same thing yesterday-ARGGHHH! I had been waiting for a pull back to get in and the one day I did not pay attention-it happened. You think its still a good idea to come in to NGD and TGB or do you think they will give back a little?

    • Anticipate Opportunities / Jun 9 2009 5:04 pm

      I would look for areas of support to come in. The 20 day moving average does seem to be the support for the moment.

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