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April 22, 2010 / Jeb

New Gold (NGD) Reaches New Highs, New Gold/Copper Mines Driving Cash Costs Down

New Gold (NGD) just reported earnings yesterday.  The report shows the growth of this intermediate gold producer with a great pipeline of gold/copper mines which will drive cash costs down.

Since our original recommendation subscribers are up 116%.  The New Afton Mine coupled with the El Morro project are major gold copper mines with major players involved.  Cash costs are dropping and with the byproduct of copper the profit will provide New Gold to grow for the next several years.

The important technical price to observe is $5.50. 

If it hits that point it will confirm a major secular turn in this company and a double top breakout.  Just as with Taseko finding gold/copper projects are key in this financial environment.  We have emerging markets which are growing rapidly and other markets where their currencies are in crisis.  This is a way to capitalize  on those issues now.

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