RE:RE:Most gold stocks down with gold up ?? It is frustrating that the major shareholders in NFG are moving this to new 52 week lows this week.
this stock is moving with greed not gold and has been since IPO summer 2020 at $1.30 (cheapest 1.24 that day) and gold was areound $2000 CAD... Late Feb 2021 NFG was around $3, two months later it was $6 a month later $9 all the way to $13.50 June 8th! 10 months after IPO. Gold shot up that year to $2700 CAD which is where it currently sits.
NFG was back to $4.40 last February 2023 and 6 weeks later in April it hit $7.60...now wet are back here again while gold is still $2700 and with all the progress over the past 3-4 years this stock obviously isn't moving with gold or the overall markets.
The shorts like to make it appear this way but when gold or TSX spikes it barely goes up no matter the volume and then when there is a dip in either they have no problem selling it down more with little volume! They will accumulate soon if the pattern persists but definitely don't sell them your shares! That's all they want is to shake you a bit )
This stock will outperform any other this year and that's not just my opinion it's the most recent opinion of top analysts.
There is also a large gap to fill between $5.20 to $6 from the greedy .80 cent gap down on the last day of Spooktober (Oct 31) gap should be filled sooner than later imo...Buy, cost average down or hold but don't give your smart investment in NFG to the greedy thieves.
Day traders here can eat my load )
Longs here don't need any GLA's as it's a no brainer and luck plays an insignificant role in smart choices.