New Gold Better Value Gold Play After 2.78% Gold Drop

Jan 20, 2011 (SmarTrend(R) News Watch via COMTEX) -- New Gold (AMEX:NGD) traded in a range yesterday that spanned from a low of $8.33 to a high of $8.70. Yesterday, the shares fell 2.79%, which took the trading range below the 3-day low of $8.44 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

Shares of New Gold are currently trading below their 50-day moving average (MA) of $9.16 and should find support at their 200-day MA of $6.79. Look for the MA to provide resistance for a short-term rebound in the shares.

SmarTrend is monitoring the recent change of momentum in New Gold. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of New Gold in search of a potential trend change.

SmarTrend expects the share price to rebound toward the $8.44 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Gold industry.

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Symbol	Name	Last Trade	Change	Volume	Related Info
ELR.TO	EASTERN PLATINUM LIMITED	1.772:55PM EST	0.09 (5.36%)	12,510,036	Chart, Profile, More
BBD-B.TO	BOMBARDIER INC., CL. B, SV	5.712:55PM EST	0.14 (2.39%)	9,838,790	Chart, Profile, More
UUU.TO	URANIUM ONE INC.	5.742:55PM EST	0.28 (5.13%)	8,937,590	Chart, Profile, More
AYX.TO	AURYX GOLD CORP.	0.732:41PM EST	0.05 (7.35%)	6,340,281	Chart, Profile, More
K.TO	KINROSS GOLD CORP.	16.982:55PM EST	0.00 (0.00%)	5,813,464	Chart, More
XIU.TO	iShares S&P/TSX 60 Index	19.182:55PM EST	0.00 (0.00%)	4,822,014	Chart, Profile, More
VT.TO	VITERRA INC.	11.372:53PM EST	0.27 (2.43%)	4,195,219	Chart, Profile, More
WIN.TO	WI-LAN INC	6.472:55PM EST	0.36 (5.89%)	4,023,808	Chart, Profile, More
HNU.TO	Horizons BetaPro NYMEX Natural	7.612:55PM EST	0.11 (1.47%)	3,918,752	Chart, Profile, More
PDL.TO	N A PALLADIUM	6.812:54PM EST	0.49 (6.71%)	3,837,530	Chart, Profile, More
FOS.TO	PHOSCAN CHEMICAL CORP.	0.682:48PM EST	0.02 (2.86%)	3,762,650	Chart, Profile, More
CMK.TO	CLINE MINING CORP	4.092:55PM EST	0.12 (2.85%)	3,603,049	Chart, Profile, More
AC-B.TO	AIR CANADA, CL.B	3.012:55PM EST	0.07 (2.27%)	3,388,777	Chart, Profile, More
HND.TO	Horizons BetaPro NYMEX Natural	7.042:54PM EST	0.12 (1.68%)	3,166,632	Chart, Profile, More
TLM.TO	TALISMAN ENERGY INC.	22.212:55PM EST	0.36 (1.65%)	3,000,635	Chart, Profile, More
PDN.TO	PALADIN ENERGY LTD.	5.042:56PM EST	0.26 (4.91%)	2,936,789	Chart, Profile, More
OPC.TO	OPTI CANADA INC.	0.642:44PM EST	0.00 (0.00%)	2,732,023	Chart, Profile, More
SU.TO	SUNCOR ENERGY INC.	38.162:55PM EST	0.49 (1.30%)	2,636,310	Chart, Profile, More
GCM.TO	GRAN COLOMBIA GOLD	1.852:38PM EST	0.11 (6.32%)	2,595,460	Chart, More
ELD.TO	ELDORADO GOLD	16.032:56PM EST	0.35 (2.14%)	2,588,785	Chart, Profile, More
IMG.TO	IAMGOLD CORP	18.902:55PM EST	0.41 (2.22%)	2,430,608	Chart, Profile, More
RMX.TO	RUBICON MINERALS CORP.	4.822:55PM EST	0.18 (3.60%)	2,398,032	Chart, Profile, More
G.TO	GOLDCORP INC	40.342:55PM EST	0.08 (0.20%)	2,377,046	Chart, Profile, More
NGD.TO	NEW GOLD INC.	7.662:55PM EST	0.32 (4.01%)	2,343,546	Chart, Profile, More
ECA.TO	ENCANA CORP.	32.132:55PM EST	0.31 (0.97%)	2,343,468	Chart, Profile, More

Lost money? Find it here in Canada

By DIANNE NICE
Globe and Mail Update

Canadians leave millions of dollars in unclaimed bank accounts. Here's how to find out whether any of it belongs to you

Canadians find a lot of strange things. Last week on Craigslist, there were messages posted about a harpsichord found in Toronto, a fibreglass boat found in Victoria and a hearing aid found in Vancouver.

If someone can misplace their harpsichord, is it so hard to believe that Canadians also leave millions of dollars lying around?

In David Bach http://www.finishrich.com/pages/home.php new book, Debt Free for Life, the author outlines seven simple ways Canadians can find missing money. And he's not talking about looking under couch cushions or in jacket pockets - that's chump change. According to Mr. Bach, Canadians have, among other oversights, forgotten $395-million in unclaimed bank accounts, $112-million in unredeemed Canada Savings Bonds and $25-million in unclaimed tax refunds.

In the United States, the figure is even bigger: $32-billion (U.S.) sits in 100 million unclaimed accounts.

"Some people don't stay on top of their finances, unfortunately. They forget about things," Mr. Bach says. "I think in this day and age, it's really understandable."

So how do we misplace so much cash? People move around, Mr. Bach says, they don't notify the government of their new addresses and statements get lost. Sometimes a family member dies without a will and heirs are unaware that money is sitting in an account somewhere.

It's also pretty easy to overlook dividends from closed investment accounts, he says. "You may own an investment where the dividend gets paid out two or three days after that account gets closed and that dividend ends up sitting in that account."

Sometimes, however, our own carelessness is to blame. "People are incredibly negligent about their benefits in their retirement plans when they leave businesses," Mr. Bach says. "Typically, when people leave a company, they should take their money with them."

One of the most common ways people lose money is forgetting to spend gift cards, Mr. Bach says. According to several reports, up to 25 per cent of the money spent on gift cards goes unredeemed because the card is lost, damaged or simply forgotten.

Lottery tickets are another often-overlooked source of "found" money, says Tony Bitonti, a spokesman for the Ontario Lottery and Gaming Corp. In Ontario, the biggest unclaimed prize to date is $1-million (Canadian).

"The tickets go to the land of lost socks sometimes," Mr. Bitonti says. "People take a while to check their numbers. Tickets are lost in cupboards, drawers. One of the biggest ones we hear a lot of is, 'I left it in the pocket of my jeans and it went through the washer.' "

The good news is that it's pretty easy to check whether you or a family member have a windfall waiting for you in a dusty bank vault somewhere. Go online, Mr. Bach says. The Bank of Canada http://www.bank-banque-canada.ca/en/ucb/index.html] and Office of the Superintendent of Bankruptcy [http://www.ic.gc.ca/cgi-bin/sc_mrksv/bnkrptcy/ud/ud_srch.pl] have online databases you can search for unclaimed fortunes, as do some provincial unclaimed property offices. You can call your local Canada Revenue Agency [http://www.cra-arc.gc.ca/cntct/tso-bsf-eng.html] office to ask about unclaimed tax refunds, or the Bank of Canada to ask about your old savings bonds. The Ombudsman for the Canadian Life and Health Insurance Association [http://www.olhi.ca/policy_search.html] has tips on how to find unclaimed insurance payouts.

So what should you do if you find money? Maybe buy a GPS tracking device for your hearing aid?

One reader told Mr. Bach she has used his advice to find money for several family members - and is taking a 50-per-cent cut of the proceeds.

Mr. Bach, however, has a suggestion that is less fraught with family conflict: "It's found money. What better way to pay down your debt than to take some money that you didn't even know you had and apply it toward your debt reduction?"

Is this your money?

$395-million

The amount the Bank of Canada holds from unclaimed bank accounts. Search the database by clicking here [http://www.bank-banque-canada.ca/en/ucb/index.html].

$112-million

The amount of unredeemed Canada Savings Bonds. Call 1-800-665-8650 for series 1 to 31, or 1-800-575-5151 for series 32 and later.

$25-million

The amount the Canada Revenue Agency holds in unclaimed tax refunds. Call your local CRA office [http://www.cra-arc.gc.ca/cntct/tso-bsf-eng.html] to inquire. Call 1-800-959-1953 for unclaimed goods and services tax and harmonized sales tax cheques.

$14.6-million

The amount of unclaimed bankruptcy dividends held by the Office of the Superintendent of Bankruptcy. Search the online database here [http://www.ic.gc.ca/cgi-bin/sc_mrksv/bnkrptcy/ud/ud_srch.pl].

$1-million

The largest lottery prize that remains unclaimed from the Ontario Lottery and Gaming Corp.

25 per cent

The estimated value of gift cards that goes unredeemed each year.