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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum New Gold Inc T.NGD

Alternate Symbol(s):  NGD

Consumer Cyclical Metals & Mining Home Furnishings & Fixtures Gold
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

TSX:NGD - Post Discussion

New Gold Inc > Price
View:
Post by greendayyyy on Sep 20, 2024 2:35pm

Price

In 2015, gold collapsed and gold and silver mining stocks followed suit. Today, gold is at its highest and mining stocks are in the same price range as in 2015.   It's no longer a problem of the price of gold, but rather that the big buyers aren't there. A lot of silver has flowed out of ETFs this year, and until buyers return to the market, the price of gold-silver mining stocks will remain volatile.
Comment by Ronbromleygross on Sep 20, 2024 10:14pm
Remember though that the miners always follow the price of gold but lag by about 6 months on avg.  Similar to history and very much to the last recird high in about 2008/2010 period.   The explosive growth in the miners share prices made fortunes for those who had the patience to hold on We are riding the next wave of the gold rush now that happens every 15 to 20 years.  Things ...more  
New Gold Inc