New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > Gold washout is it complete next week will tell us

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Comment by Dixiedeeon Nov 11, 2022 2:16pm

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Post# 35092122

RE:RE:Gold washout is it complete next week will tell us

Dixiedee wrote:

Dixiedee wrote: Was the last downturn gold washout it may well be we have broke through resistance of 1675.00
1735 is next level to break above next week should give us some direction has been plenty of gold buying by central banks on their orchested dips but now investors maybe starting to get in as well
history repeating itself all over again rising gold price with rising interest rates sounds like 1979 to 1981 all over again .rates continue to upward but slower pace gold continues upward but at a faster larger pace then gold stocks go up at an even more exaggerated pace than either gold or interest rates
oil to hit new all time highs in 2023 maybe in the 1st 1/4 for those that bought the dips and those that hung onto NFG and others you are about to be very well rewarded NFG and others still selling at huge discounts but not for much longer

I believe the lows for gold are now in if we end the week above 1735 then 1765 and 1800 are in play
is the pivot about to happen will have to wait on Powell and see