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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > My guess on gold with a tough Fed at the helm
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Post by bdog123 on Nov 02, 2022 8:11pm

My guess on gold with a tough Fed at the helm

We will see gold into the 1,500.00.  Foirget about making money in this market.  I have never seen it like this in 50 years.  In the days of freedom, things changed, but now with full control on the throttles by the fed, the PPT, computer algorythmic grading, and the dishoest allowance of manipulation of various types, we don't have much of a change.

Bdog
Comment by bdog123 on Nov 02, 2022 8:28pm
I am not drunk.  I need to learn to proof-read.  Sorry about my typos.  at the end "we don't have much of a chance".
Comment by Global1966 on Nov 02, 2022 8:32pm
By mid to late 2023 things should start to turn. The Fed has to finish Davos off completely first. A tough coming winter and high USD should accomplish the task. Once the tide turns, the USD will drop like a brick.
Comment by megacopper on Nov 02, 2022 9:28pm
  I agree that it is very discouraging and disheartening at the moment in the gold sector. But as you well know that is the time to load up on quality stocks within the beaten up sector. Now and over the next few months is the time to buy gold stocks not sell. However for anyone with tax losses consideration has to be given to selling and deploy the capital elsewhere. Gold isn't ...more  
Comment by Retiredgeo on Nov 03, 2022 7:38am
Queensway is located in Canada.  All expenses are in Canadian dollars.  Gold is holding steady in terms of Canadian dollars.  Non US citizens who have bought gold are doing well in terms of their local currencies.  Gold mines located outside of the US will also do well. Doom and gloom talk is locality specific.  If you send your currency to the moon you pay the price.
Comment by Goldziggy on Nov 02, 2022 9:52pm
Thats what they want you to think as central banks buy record amounts of gold in q3. Rememeber when oil went negative and everyone threw in the towel well same thing is happening to gold now and it will turn when all retail is out of it which we are close. Stock went down 8% on a few thousand shares today.  was trading at 5 almost all day. look at the bid and ask end of day. bid 4.61 ask 4.90 ...more  
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