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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by megacopperon Aug 05, 2021 1:28pm
224 Views
Post# 33655455

RE:Market expecting gold to get slaughtered tomorrow

RE:Market expecting gold to get slaughtered tomorrow

goldanalyst wrote: with July non-payroll numbers due out. Guess we will see if they are right

8:30 am Nonfarm payrolls July 845,000 (expected)

 


Yep tomorrow is going to be an important day for gold and gold stocks and will most likely be the catalyst or driving force in which direction gold goes in the next little while. See below for details. Tomorrow could be an awesome day or things could get real ugly for gold stocks.


A lot of focus has been put on the U.S. labor market as many analysts and economists see it as a critical factor in the Federal Reserve 's monetary policy decision. A strong employment report on Friday could put the U.S. central bank on pace to reduce its monthly bond-purchase program by the end of the year. A disappointing number could delay those tightening plans for the foreseeable future.
 

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