RE:RE:RE:RE:RE:RE:Marvin callsbraindeadoldguy wrote: Good call Retired Geo. Perhaps the "under $ 7.00" buys are about over. It looks like a good day today, with gold testing 1,850.00 again and NFG over $ 7.00 now. All we need is news next week.
Bdog
Retiredgeo wrote: It is the lesson of the May interest rate increase that the precious metals market quickly forgets and the prices of gold and silver rebound. For June this is probably as bad as it gets. I'm expecting a recovery from here.
Yes I think you guys have called it right. Should be a gradual climb upwards from here. It appears the worst is behind us. The general markets will continue to slide of course as the Fed will raise rates a couple more times. Capital will find its way into the gold sector as the economy will most likely enter a long period of stagflation which is extremely positive for gold and the gold sector. The overall market will go sideways or continue to sell off but more and more capital will find its way into the gold sector and high quality gold juniors like New Found Gold should do really well. And a few high grade intersections over the next little while would certainly help our cause.