New Gold Inc T.NGD

Alternate Symbol(s): NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.

TSX:NGD - Post by User

New Gold Inc

Bullboard Posts

Post by goldbuyeron Mar 06, 2011 11:09pm

396 Views

Post# 18242168

Middle East & Gold Prices

Here's an except from Reuters of interest, as relates to gold .

HONG KONG, March 7 (Reuters)

By Saikat Chatterjee

" Rising tensions in the Middle East also stoked demand for precious metals and government bonds.

Gold , often sought in times of geopolitical tensions, rose to near a lifetime high at $1,434.60 an ounce, while
silver surged 3 percent to 31-year highs as investors piled into safe havens. Gold hit a record $1,440 last week. "

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So, can we reasonably assume ? gold is heading skywards in the near future, I wonder ?

The middle east tensions are still, ongoing at present .

" GoldBuyer "

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