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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by GGGsOldFriendon Mar 01, 2022 2:05pm
141 Views
Post# 34472022

Gold at $1940...war politics or macro economics?

Gold at $1940...war politics or macro economics?Assuming gold starts to hold gains into the mid $1900's, rather than repeatedly retesting $1900, at some point the market is going to get nervous that gold might not sell off once the Ukraine situation is stabilized.  Mr. Market is going to get a bit greedy at the prospect of buying miners so cheaply.  Don’t be surprised if we see a very substantial move in the miners across the board sometime soon.  Again, this presupposes gold starts to get more sticky in the mid $1900’s. 

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