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Bullboard - Stock Discussion Forum New Found Gold V.NFG

Alternate Symbol(s):  NFGFF

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. Its principal objective is to explore and develop the Queensway Project, which is located near Gander, Newfoundland.

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New Found Gold > Looking Ahead
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Looking Ahead

geezer21 (1175) | July 22, 2022 12:12 pm


The Federal Reserve and other central banks are hemmed in.  The number of hikes the Fed can do without pushing economies into recession is limited the U.S. debt level of 125%, corporate debt level of 80%, and personal debt level of 75%.  Any efforts by the US to curtail deficit spending is counteracted by baked in programs to less the impact of inflation on people like indexed pensions etc. 

Real interest rates are going to stay negative as the Fed will be unable to hike rates above inflation rated.  This is good for gold.

The market has already baked in that the Fed will have to start pulling back rates by the end of the year.  See following graph.

NFG will bounce right back and on further drill results and 43-101 resource estimate make new highs.

This is why the bashers have come on board.



https://cms.zerohedge.com/s3/files/inline-images/2022-07-21_12-38-33_0.jpg?itok=az1Rn58I

RE:Looking Ahead

tootall123 (318) | July 22, 2022 12:22 pm

(The number of hikes the Fed can do without pushing economies into recession is limited

Don't know what numbers you are looking at but the economies are in a recession and are in a free fall....

GOLD IS KING...

RE:RE:Looking Ahead

geezer21 (1175) | July 22, 2022 12:53 pm

There is not recession yet.  There has not been back to back negative GDP yet.

RE:RE:RE:Looking Ahead

tootall123 (318) | July 22, 2022 01:24 pm

(There is not recession yet.  There has not been back to back negative GDP yet.)

And you believe these phony government stats? the corrupt lying scum bag politicians bankers and the fake news are saying that inflation is at 9%...BS
The true and real inflation is at 15%-20%
Please stop listening and watching the corrupt lying puppet politicians and think for your self...

GOLD IS KING.....

RE:RE:RE:Looking Ahead

tootall123 (318) | July 22, 2022 01:38 pm

The corrupt lying Bankers/Politicians said that inflation was transitory.....BS
The corrupt lying Bankers/Politicians said that inflation was peaking.....BS

The corrupt lying Banker Bankers/Politicians said that there was WOMS in Iraq...BS and the US went in Iraq and murdered over 250 thousand innocent men women and children in Iraq.....

GOLD IS KING.....
 

RE:RE:RE:RE:Looking Ahead

tootall123 (318) | July 22, 2022 01:50 pm

Typo mistake

Weapons of Mass Destruction (WMD)

RE:Looking Ahead

toller1 (75) | July 22, 2022 02:45 pm

No, it will move up when sentiment changes and big players move back into commodities and not before.