New Found Gold Corp V.NFG

Gold tanking again

[cueball40]

looks like in a few days Gold  heading under 1700.00  ...i dont mind this as gold stocks like NFG will  sell off  as gold prices  keep  getting  hammered ...looking to pick up some cheapies  here  under 5.00  as  thats  where  were  headed folks

[Retiredgeo]

US ten year treasuries spiked yesterday sending gold down.  On the flip side inflation is no longer being called "transitory", fiat currencies are highly leveraged and China could be in far worse shape than is being admitted.  I wouldn't bet against gold at this time.

[Kewl002]

Agreed! One of the "outs" for China to survive their current financial crisis is to reveal their true gold reserves and revalue same by setting a firm exchange rate.Some estimate actual reserves are  ~10X their official stated position. With their digital currency is in the process of launching, should they decide to shift strategy and tie the DC to gold backing the PM market would

[likeike]

Kewl002 like your post but do think China is fighting a dragon that they cannot win. Capitalism is uncontrollable and they are just now fighting realestate that no one  controls. How many realestate moguls went bankrupt a number of times before they finally make it? Their hardest lesson is upon them in their ploy to take over the world where they refuse to take any leadership. They have