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 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

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TSXV:NFG - Post Discussion

New Found Gold Corp > Looking Ahead

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Post by geezer21 on Jul 22, 2022 12:12pm

Looking Ahead

The Federal Reserve and other central banks are hemmed in. The number of hikes the Fed can do without pushing economies into recession is limited the U.S. debt level of 125%, corporate debt level of 80%, and personal debt level of 75%. Any efforts by the US to curtail deficit spending is counteracted by baked in programs to less the impact of inflation on people like indexed pensions etc.

Real interest rates are going to stay negative as the Fed will be unable to hike rates above inflation rated. This is good for gold.

The market has already baked in that the Fed will have to start pulling back rates by the end of the year. See following graph.

NFG will bounce right back and on further drill results and 43-101 resource estimate make new highs.

This is why the bashers have come on board.

https://cms.zerohedge.com/s3/files/inline-images/2022-07-21_12-38-33_0.jpg?itok=az1Rn58I

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Comment by tootall123 on Jul 22, 2022 12:22pm

(The number of hikes the Fed can do without pushing economies into recession is limited Don't know what numbers you are looking at but the economies are in a recession and are in a free fall.... GOLD IS KING...

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Comment by geezer21 on Jul 22, 2022 12:53pm

There is not recession yet. There has not been back to back negative GDP yet.

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Comment by tootall123 on Jul 22, 2022 1:24pm

(There is not recession yet. There has not been back to back negative GDP yet.) And you believe these phony government stats? the corrupt lying scum bag politicians bankers and the fake news are saying that inflation is at 9%...BS The true and real inflation is at 15%-20% Please stop listening and watching the corrupt lying puppet politicians and think for your self... GOLD IS KING... ...more

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Comment by tootall123 on Jul 22, 2022 1:38pm

The corrupt lying Bankers/Politicians said that inflation was transitory.....BS The corrupt lying Bankers/Politicians said that inflation was peaking.....BS The corrupt lying Banker Bankers/Politicians said that there was WOMS in Iraq...BS and the US went in Iraq and murdered over 250 thousand innocent men women and children in Iraq..... GOLD IS KING.....

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