USA inflation # USA inflation # out on Tuesday will direction the Fed to hold or raise interest rates gold will get its direction from this event next week looking for on the low side for gold 1940-1950 on the high side 1975-2010 gold stocks will follow the direction of gold next week
NFG i
trading now at 6.18 Friday close 6.10 to 6.30 excellent buying opportunity to accumulate shares if gold turns positive then we could see 6.55 to 7.60 range until gold gets desivelly over 2055-2075 range
NFG will be range bound from 6.00 to 7.60 depending on what gold US$ and Fed rates are doing
this can all be throw out the window with extraordinary news on NFG on many fronts but the price of gold and the factors affecting it also have a part in newfoundgolds stock price as they do in anything gold
Long term 1.5 to 5 years newfoundgold is a no brainer and a portion of your gold weighting in newfoundgold shares acquired at these levels (6.00 - 6.30) do your own DD invest responsibly within your own limits avoid margin that sword cuts both ways