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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 Dixiedeeon Jun 21, 2023 7:03am
194 Views
Post# 35506610

Strong US$ is a gift

Strong US$ is a gift The strong US$ is bringing gold down currently this will not last at some point it will turn downwards and when it does it will have the opposite effect on gold and gold will head higher much higher 
with a lower US$ will come higher USA inflation since they are a country of importers this may cause rates to stay higher for longer in the USA and spell trouble for the stock market and anything rate sensitive as the money flows out of stocks gold could be a benefit this money needs somewhere to go 
either way just to many things lining up to push gold higher similar to NFG just to many things line up to 
push the stock higher this drop in price is a gift buying the dip maybe a smart move for those that don't have a full position yet and yes some on here will start calling me dippy but those are not the ones iam talking to and don't really care do your own DD and you may come to the same conclusion as I have this is a very good buying opportunity 
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