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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 MAKEITBACKon Oct 02, 2023 5:17pm
108 Views
Post# 35665796

RE:USDX

RE:USDX      The rising dollar is actually a bad sign for the economy. The dollar traded at 90 in May 2021. Now (Oct 23) it trades near 107. That is almost a 20% increase in the value of the currency which means that the price of everything the U.S. purchases should have gone down substantially. However, they complain bitterly about inflation! How is this possible?  It is possible because all of the currencies on the dollar index (including the U.S. dollar) are dropping against real things —food, housing, interest rates, rent, utilities, etc. If there is substantial inflation in the currency that appreciated 20% on the dollar index, then imagine how bad the inflation really is in the other countries on the index. They are trying to call it supply side inflation, but it is monetary inflation (our standard of living is dropping before our eyes). They are desperately trying to hold the price of gold down (the canary in the mine), but I think they are fighting a losing battle.

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