New Found Gold Corp V.NFG

Gold selling off today. Down $31

[megacopper]

Gold selling off today due to strong jobs numbers in the US. Should only be a temporary dip. See how NFG holds up. I suspect it will pullback a little but in the past NFG has had a mind of its own and hasn't followed the price of gold to closely. 

https://www.kitco.com/

[BlueChipper2020]

I see NFG holding strong today as LAB drill holes basically says, at least to me, that if LAB is getting those hits on its property, what lies on the 70 mile strike of NFG faults? Unless I am missing something?  I am not concerned about the gold price, as NFG is ultra high grade and it is going to do very very well based on its drill results even at $1300USD gold price. However the gold

[megacopper]

  You make some good points BC. The price of gold doesn't matter a whole lot with this deposit because it is extremely high grade. I only mentioned it because investor sentiment is everything with the gold juniors.   Any junior that has a load of gold at a low grade that is borderline economically will soar with a higher gold price so the leverage is huge. 

[BlueChipper2020]

Agreed. Investor sentiment leads to the flood of risk capital moving in or out of a sector which will have an impact for sure. Even on an ultra high grade company.  BC

[likeike]

Hope you are are aware there is a lot of sediment like this from yesterday and why RE:RE:RE:RE:RE:collins I am out as well had a small position moved it over to more NFG and Lab.