Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

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TSXV:NFG - Post Discussion

New Found Gold Corp > USDX

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Post by Retiredgeo on Oct 02, 2023 10:07am

USDX

Last I looked the USDX was up 0.50 to 106.68. Markets, gold, CAD and other commodities are all in the red. It's going to be one of those days!

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Comment by MAKEITBACK on Oct 02, 2023 5:17pm

The rising dollar is actually a bad sign for the economy. The dollar traded at 90 in May 2021. Now (Oct 23) it trades near 107. That is almost a 20% increase in the value of the currency which means that the price of everything the U.S. purchases should have gone down substantially. However, they complain bitterly about inflation! How is this possible? It ...more

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