New Gold Inc T.NGD

Warning to NGD Investors

[domcolumba]

There is at the moment a rotation out of gold stocks into banks and travel related stocks. If POG breaks thru $1800 my advice to you is remember 2011. Money flows are leaving gold. I see NGD back to $1.50 cdn in the first quarter 2021.

[Ronbromleygross]

Domcolumbia Very surprised to see you post what you just did. Below is a cut and paste from your Oct 30 post on this sane message board regarding NGD's great fortunes coming up and a Target of $7 soon.  Sounds to me like you may be a shorter trying to shake the weak hands here of their shares so you can buy at a lower price.    I believe in the gold price and more

[domcolumba]

I owned shares of New Gold and Barrick and I was bullish on the price of gold. I sold all my gold holdings when Pfizer came out with the Covid vaccine and learned that Warren Buffett sold half of his holdings in GOLD. There is a reset in gold and it is losing its luster and appeal.

[Arbutus22]

Buffett's brilliance is beyond dispute. Still, (1) he's human and makes mistakes, i.e., selling all airline holdings a few months ago; and avoiding tech until relatively recently (2) we do not know the reason for selling; (3) never a good idea to blindly follow no matter who is leading. Certainly, today's downward momentum argues for selling. And so did the momentum in March and April.

[Ronbromleygross]

1. Real interest rates are "Negative". Good for gold.  2. US dollar is tanking and has underperformed verses gold for decades.  The dollar is on its way to worthlessness.  3. Gold has been around for 5,000 years 4. Debt problem is here and is not going away 5. Gold is simply consolidating before the next leg up.  We are still in a secular bull market. 

[NSPfacts]

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