Sunday, November 12, 2006

Northern Dynasty Minerals - Gold Bull, Round2

Many junior miners have garnered a renewed buyer interest in the past week. The reason I say this is because I see many of the junior mining companies in the stockChart's strong volume Gainer scanner (as of Nov 10).
One junior mining company that has shown up in my scanner is Northern Dynasty Minerals (NDM.V, NAK on the Amex).

I see congestion at around $7 - $7.2, which also happens to be where the 200d is curently sitting. May take most of this coming week to work through that resistance; however, if gold/copper/molybdenum starts taking off again, there is a good chance that this this smallCap will be amongst the front runners. What is so special about this small cap over all the other hundreds upon hundreds of small caps? In terms of technicals, not much. However, there is a special story behind the company behind this stock, special enough to make this an interesting play on the gold/copper/molybdenum bull run. Check out the website (click on title of this post for the link) for further details of their story. And since it is dual listed on the TSX Venture and the Amex, this is one mining story that y'all Americans can participate in as well.

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