Where is gold headed this week? Unlike so many posting on Kitco, I have no idea where will open and head, I acknowledge this is unusual for anyone to admit.
I am however, willing to bet big that gold is heading up. Whether this week or this month, I do not know. However, that said, gold will be significantly higher 12 months from now, in my calculations.
NFG will follow is a given, will it be a significant % more than the increase in gold price? This will be determined by many factors, including how commodities are viewed. Banking liquidity will be a problem in the coming 45 days. How will the Fed respond? I certainly do not know, nor do I claim to have an opinion.
All I can say is what I believe is 100% certainly, NFG has a fantastic gold discovery, and gold will be mined here for many, many decades to come. You will be doing the mining? In my opinion it will be several companies. NFG will likely start open pitting this deposit and then, following much more drilling along the faults and at depth, will sell sections of their claims. Cash will be flowing for a long time.