New Found Gold Corp V.NFG

Enough already

[Gangsterme]

Enough, I have no cash remaining so did and do not need another buying opportunity!

[Retiredgeo]

NFG has gone down on light volume, along with the rest of the gold sector.  There are rumors of a potential ceasefire in Ukraine which has sent most commodities tumbling and speculators fleeing for the exits.  I don't read anything into the current share price action.  This is all market noise.

[GGGsOldFriend]

I'm not so sanguine.  NFGC has been in a tight trading range for weeks, with 6 as the bottom.  This range predated the Ukraine induced run up in gold.  Even now, gold is still above $1,950, well above where it was trading while NFGC traded above $6.  Trading below $6 after spending so much time in a trading range may end up meaning nothing.  I'm not predicting that

[Retiredgeo]

I predict that we will be back to 8 CAD/6 USD shortly.  Today means nothing!  The atomic wedgie remains intact and is a guide for the next several months.

[likeike]

GGGsOldFriend  I hear you loud and clear but having spent clearly too much time charting (mostly as a commodity trader) the atomic wedgie still holds even on a small downturn.  It is called a false breakout and believe we are clearly seeing  someone doing one last kick of the can to scare out some  cheap shares. IKE

[megacopper]

Thursday could be NFGs day to shine and explode to the upside. I believe the Fed decides on Wednesday about rates. The market might get better clarification on the path forward for interest rates. Everyone feels they are going much higher but will they. War in the Ukraine and parts of China on lockdown yet again. World markets still very unstable with near record commodity prices. When you buy a

[lewdogg]

Totally agree, GGGOF. Unfortunate that the UT has broken.

[wajac]

Yes, I heard about a potential ceasefire as well. Putin has received a wicked black eye from the Ukraine invasion and will look for a way out that will enable him to claim victory. NFG has lots of gold in the ground and any share price decline will soon reverse.

[likeike]

I am confused wajac ...are you saying that Putin is not the genius Trump said he was? If you have followed Putin in his previous 5 wars a ceasefire is either time to get to  reload or get the enemy to drop their guard so they can attack them in the open. Better be careful what you mean when you say ceasefire.IKE

[itsjustme1]

 WOW,  You have finaly said something I can agree with. Putin just playing games with the west.  Oh and NFG is now down 43 cents since Assay review

[goldanalyst]

2-3 years out you'll be glad you bought here 

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[lewdogg]

Depends on your timeframe. If you're expecting to make a quick buck then obviously this didn't work out. But if you're a LT investor then you're glad to have the opportunity to add at these prices. I'm the latter and am still very frustrated to see the move today. We could be hurting even more if the trend continues. GLTA.

[goldanalyst]

my 2 cents once the Fed actually begins raising rates gold will appreciate in value along with gold equities  Gold is most volatile right before that announcement then everyone will be forced to reckon with how far behind the curve the Fed actually is...with negative real rates of around 8% gold and gold equities are going to look real solid in a couple of days....and for the next few years.

[Global1966]

What the Fed us or isn't doing is nothing in comparison with what is happening behind the scenes in the East with oil. This is where the major impacts on gold will come from as oil transitions from petrodollars to something else. Overnight Kazakstan banned gold exports. US Mint announced no 2022 minting of Silver Morgan or Peace dollars India is working to settle trade purchases (oil) with

[Global1966]

If you are a LT investor why look at the daily price. Start doing something else

[Spikearoo1]

Or u can look at the short term price and accumulate more when there r rough days like today...thanks for the cheaper shares...

[likeike]

Gee and to think I could have bought my last bunch of shares 70 cents cheaper. NO way Hozea or whatever your real name is kangaroo. I could not live with the FOMO