Gold- George Soros and John Paulson love this gold stock

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George Soros and John Paulson love this gold stock

Tuesday, March 09, 2010
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By Daily Crux Editor Justin Brill:

NovaGold Resources must be doing something right. Both George Soros and John Paulson are making big buys in the gold explorer.

Soros is buying $75 million in stock, while Paulson intends to buy $100 million.

Before you jump in too, you should know the company is issuing new shares for these guys at $5.50 each... meaning they'll have an instant gain of about 25% based on today's closing price. Not a bad deal if you can get it.

Those of you without billionaire hedge-fund connections could look to buy on a pullback near $6 or a strong breakout to new 52-week highs over $7.

Read full article...

More on gold:

George Soros just bought a lot of gold

The 2 best large gold stocks to buy now

Brace yourself for the coming gold shortage

Topics:		Gold \| Guru \| Stocks

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