Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Invest4Life2016on Nov 30, 2016 6:09pm
155 Views
Post# 25536887

Gold Price Has Yet to Capitulate!!

Gold Price Has Yet to Capitulate!!
Below is a standard chart that's relevant to all bubbles, the question is what phase is gold going through on the chart? Obviously gold is past it's "mania phase" of $1900 and yet to capitulate in price. Capitulation for the gold price in the 1980's was a 66% drop from it's 1980 high of $860. A 66% drop from $1900 gold would be $627, so the gold price has yet to experience a full on capitulation. Mining shares had their capitulation obviously as mismanagement forced the industry to it's knees as big write-drowns occurred, thus forcing them to develop the method of reporting an AISC to ensure investors that their projects are feasible. AlSC for the big producers is now between $500-$$900/oz and thus they can now weather a capitulation to $627 with a high of $860 for a couple of years till a new gold bull forms in 2019. The Comex is getting primed to capitulate the gold price ;)
Bullboard Posts