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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.


TSX:NGD - Post by User

Bullboard Posts
Post by dudediligenton Feb 09, 2009 5:20pm
438 Views
Post# 15764954

Now starts the slide of the USD

Now starts the slide of the USDThe underlying value of the USD will soon be realized and is starting its descent. With that GOLD will flourish. The stimulus and or bank injections will only provide short term spikes in the market and short term declines in the POG. The end game is the USD and much like any company that dilutes its share base the FED has diluted the USD in the same manner. We all know what happens to companies that are over stimiluted with too many shares.

Check out this triple top on the USD. MACD about to go negative and the DMI heading south as well. BULLISH for GOLD!!!

Bullboard Posts