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Filed under: Newsletters, Barrick Gold (ABX), Commodities, Stocks to Buy

"In the 2000s, as we've alternated between deflationary and inflationary worries, gold has been the only major investment to rise every year," says Stephen Leeb.

In his The Complete Investor, he explains, "We think that many miners are exceptional bets today. And among our favorite gold investments is one that we hold in our small cap value model portfolio: NovaGold Resources (AMEX: NG)."

"The case for mining stocks is that the price of gold rises faster than miners' costs, allowing margins to increase.

NovaGold Second Quarter Financial Results and Projects Update

Emerging producers advancing to production have significant unrecognized value.  Uncertain credit markets have increased risk for exploration companies making it difficult for them to obtain financing and maintain momentum.  While major operators with higher visibility have enjoyed the benefits of higher metal prices, emerging junior producers should benefit from increasing market exposure as they generate cash.  Many of these companies (contained in our Special Report) include other assets not fully recognized in their current stock prices.

I was invited to NovaGold Resources' (NG) <!----> corporate presentation which was given by CEO Rick Van Nieuwenhuyse (their CFO RJ Don MacDonald was also present) on May 13 in New York City. I have owned NG for a long time, starting Feb 2005 and added to my position in May 2006. Obviously for anyone who follows its stock price, my first investment is only about break even and my second investment is around 40% under water.

Filed under: International markets, Newsletters, Commodities, Stocks to Buy

Resource stock expert Curtis Hesler -- who correctly forecast the recent sharp decline in metals prices -- sees long term value in NovaGold Resources (ASE: NG) for those who buy on pullbacks. In his Professional Timing Service he explains, "Nova Gold has some interesting projects; its Galore Creek contains as much as 13 billion pounds of copper; and at today's price of $3.90, that is not a small deal.