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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

Bullboard Posts
Post by TRRGon Oct 08, 2014 12:47am
403 Views
Post# 23008695

Next bull run in gold .....

Next bull run in gold .....
As for me and my miner thread, I put a ton of work into it, and did my damnedest to succeed, but in the end I was just swimming against a tide that was just too strong. In all honesty, the best call on miners I ever made was when I got out. A lot of people didn't follow my lead, and got butchered for another 60% loss from there.

My advice, next time you want to play a bull run in gold, is just to buy gold. That's it, just buy gold. Physical or ETF's, whatever floats your boat. DON'T get greedy and think you'll make a better killing in miners. You won't. And if you want leverage? I don't recommend it, but if you do, just leverage gold itself. There are double or triple leveraged gold ETF's you can buy, or buy on margin. Steer clear of the miners.
Bullboard Posts