RE:Hold up in most currencies not US$
Dixiedee wrote: Gold is up in most currencies not the US$ all golds losses is US$ strength gold demand is starting to pick up everywhere worldwide this strength will grow into the fall and into next year just as the USA interest rates increases will slow or halt once either of these happen it will be explosive for gold
any weakness at all should be considered a buying opportunity the seasonality for gold is a couple months away from starting this is the time to buy not sell do your own DD but this is my thoughts
Yes we all know what is happening but until the US dollar weakens gold will trade sideways here around these levels. Gold will have its day and it could be as early as this September for it to start a bullish rally. There is strong demand for gold at current levels and New Found Gold has a high grade gold deposit that will be mined at a very low cost.
Timing should be perfect for NFG in a couple years with the price of gold moving higher at the same time the company progresses the Queensway property to production. Also don't rule out more high grade gold discoveries along the 100km of the fault within the property. There will be more discoveries. With more than 12 drill rigs working night and day it could come out of nowhere. Long and strong on NFG