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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

Comment by Bilderbergon Jan 12, 2024 9:28am
71 Views
Post# 35823315

RE:Gold price not being followed by share price.

RE:Gold price not being followed by share price.

I agree, gold is and always has been very manipulated.

Currently it's the PBoC in Shanghai and US banks currently trying to stabilize their dollar issuing excessive amounts of paper gold, naked short selling along with Institutional purchasing of extremely large amounts of futures with intent to cancel them later...

This BS can only happen short term with gold, Banks only hold a fraction of actual gold compared to what they offer all that need to happen is people demand their physical gold from the banks doing this and the precious metal would go up substantially.

Unfortunately it's a lot of paper gold. Cheers 

 

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