RE:RE:RE:Hard to understand
1condor wrote: Ask yourselves this question...why is NFG below 6 bucks with gold at 2 grand an ounce. You dont see anything wrong with that picture? Buy a producer and take advantage of these high prices instead of holding this dead play.
buying a producer is a good idea in the next 12 months you could get a 50% plus return or a royalty company some have already moved up 20 % or more in the last couple months but it is normal for when gold moves higher the majors get a big bounce at the beginning then the jr producers next and they usually play catch up and the pass the majors % wise then comes the jr explorers like newfoundgold then they start to move and % wise pass the majors and the jr producers
then comes the majors flush with cash and a depleting resource that go shopping this bull market in gold is just starting 6 months from now it will float all the golden boats higher and those with the great deposits in friendly jurisdictions like newfoundgold will get more than its share of attention
2023 is the year for building a position in gold plays and I don't think there is a better one than newfoundgold to take a position in but yes all the boats will ride the tide higher some more than others
good luck to all gold investors