Sometimes Lil Shorty gets lucky.....Looks like the FEDs wanted to pre-empt the jobs report......smacked gold down around $60 bucks.
We know there is a manipulative Short position in NFG, which isn't very big, only a tiny tiny percentage, at about 2 million shares short.
We call this Short position as being managed by 'Lil Shorty' , because the narrative is that Lil Shorty is a paid professional, in the finance business in one form or other, and may well be located overseas, likely as a way to protect himself from being subjected to lawsuits from his actions.
It's likely that the professional basher ( we assume he's paid to bash, as he constantly posts under numerous IDs on this board and others , such as CEO.CA) uses hundreds, probably thousands, of IDs to constantly bash NFG.
Even when gold takes a hit, like today, that isn't a reason to sell NFG shares. It appears increasingly likely that Gold is in a long term uptrend, that may well be very significant.
Recently, Lil Shorty was FORCED to sell an additional ovee one million shares Short, to try to contain the rally in NFG due to the breakout in the gold price to $2400 + USD. Thus their total short positionnon both exchanges went from ~2 million to ~3 million shares short.
After being FORCED to sell an additional over one million shares short, they immediately ( between May 15 to May 30) bought back about that same amount over one million shares, to cover what they had just sold short under duress.
We have learned that the Short position engages in lots of manipulative behavior. I would not be surprised, in fact I do suspect, that Lil Shorty was selling shares short today, to try to push NFGs shares down, on a day when gold itself has been smacked down
It's never made any sense to see NFGs price react dramatically to sudden moves in the gold price.
What the people who know NFG the best believe is that Queensway will be a low cost mine ( s). So, it will be profitable to mine under virtually any price scenario. However, it appears that gold is in a long term uptrend.