Bullboard - Stock Discussion Forum New Gold Inc T.NGD

Alternate Symbol(s): NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in... see more

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TSX:NGD - Post Discussion

New Gold Inc > HEDGE ENDS TOMORROW ...

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Post by Born2Struggle2 on Dec 30, 2020 4:22pm

HEDGE ENDS TOMORROW ...

I wonder what the impact will be ??? NGD will be fully exposed to the spot price starting with Monday's trading, is the impact already baked into the SP ?

Been expecting gold to start moving upwards for the next couple of months - seasonal strength period kicking in.

I be thinking were starting to move off of the handle of the cup formation for NGD SP, next week should be up.

I wonder what happened to all the CrapSpeakers (MaterialsGirl???- etc) telling us we were doomed?

Seeing a lot of positive things forming up.

GLTA - and a prosperous new year 2 - B2S2

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Comment by goldanalyst on Dec 31, 2020 9:18am

These things are usually not "baked in" to the share price because miners by nature are unpredictable...for example if the gold price begins to take off again as it seems it be doing investors will start looking at the best possible bang for their buck. Since we are coming off our hedges that will be a new impetus along with the increasing gold price that could not have been predicted ...more

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Comment by Inca2020 on Jan 05, 2021 8:09pm

I agree with this sentiment. When it poses enough of a threat to governments around the world they will switch to digital currency just like China did, and I suspect it's not going to be ETHER or BITCOIN. Either way good for those who made a killing on the latest tulip craze! I wasn't one of them but quite happy with the gold gains this year either way. Lastly, it's ...more

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Comment by Ronbromleygross on Jan 05, 2021 10:00pm

Inca Your last sentence says it all. Yes I agree that China and the "Far East" will be the super powers of tomorrow. That tomorrow will happen much quicker than most people think. Happening NOW imo. I have been reading for many years that the Chinese have been stockpiling and accumulating gold behind the scenes that many are not aware of with regards ...more

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Comment by Inca2020 on Jan 06, 2021 2:04am

Heh. Looks like the Democrats took control of the senate. Start the printing presses. The Dems controlling the House, Senate and Presidency..... yeesh there's no telling how crazy things get now. I'd imagine it's likely to favour gold.

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