Forgetting NAK when the gold rallies could be a mistake!

Since March 2018, it is the first time that the stock has finally posted a weekly closing above the $1.00 and is to be treated as a breakout point. With the retest possible, the same point is considered to be the stop-loss. As a company into mineral exploration business where through its subsidiaries also extracts gold, with the ongoing gold rally could remain a prime beneficiary. Additionally, given that the Pandemic is getting in control, the economic activity is coming back to normal. With economic activity picking up, it is likely that the usage of minerals will also increase, leading to company being able to benefit from the improvement in economic cycle.

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BilalElahi

Jul 30, 2020
· POSITION CLOSED

-37.11%

Position Return %

1.59

Price When Posted

-0.59

Position Return

NAK

Northern Dynasty Minerals Ltd.

0.49

0.00
0.00%
Current Price

Forgetting NAK when the gold rallies could be a mistake!

bullish
Since March 2018, it is the first time that the stock has finally posted a weekly closing above the $1.00 and is to be treated as a breakout point. With the retest possible, the same point is considered to be the stop-loss. As a company into mineral exploration business where through its subsidiaries also extracts gold, with the ongoing gold rally could remain a prime beneficiary. Additionally, given that the Pandemic is getting in control, the economic activity is coming back to normal. With economic activity picking up, it is likely that the usage of minerals will also increase, leading to company being able to benefit from the improvement in economic cycle.
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read-time
< 1 min

2.80

Target Price

8/ 10

Confidence

2-6 Months

Timeframe
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Earnings Release
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News
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SEC Filing
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Sentiment
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Other Catalyst

NAK Channel

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