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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 JonathanSteelon Mar 02, 2020 4:25pm
120 Views
Post# 30757941

Another Irrational response by Mr. Market

Another Irrational response by Mr. MarketWhile the +1,200 pts rise in the DOW was very welcome, it does however once again show how irrational the Mr. Market still is. The spread of the Corona Virus is undeniable and quite frankly I am shocked how the US is under-reporting cases or is plain ignorant to acknowledging how much the virus is already spreading with the USA. The USA Virus fatality to reported case ratio makes absolutely no sense. You expect that from countries like Russia, North Korea, etc.. but not from the good old US of A. The good news is that all this will help Gold prices as ultimately all investors roads lead to safety (GOLD) in times like this, it just takes Mr. Market a while to figure it out. If I would have to guess, we will see a pullback on the DOW tomorrow as profit taking kicks in with Gold advancing as investors keep running to safety.
Bullboard Posts