New Found Gold Corp V.NFG

keep your rally caps on ....you to Bdog

[likeike]

$1675 MUST HOLD IN ORDER TO PROMPT A BIGGER PRICE RALLY IN GOLD

As the current Pennant/Flag price formation in Gold nears the APEX level, it is important to understand that increase price volatility will happen and there is a possibility that another downside price rotation, possibly nearing $1675 again, could take place. It is important that the $1675 level continues to hold and act as support if this happens. If the $1675 level is breached, then the critical support level for Gold has been broken – which may suggest a deeper downside price move is possible.

In my opinion, I believe Gold will attempt to settle between $1700 and $1860 over the next 4+ weeks as we move closer to the November 15, 2021, True APEX date. The closer we get to that date, the more likely we are going to see increased price volatility in Gold, and a potential for a breakout price trend.

The Pennant/Flag formation, which I’ve drawn in Magenta on the Weekly Gold Chart below, has already completed four of the five total price waves. The 5th wave, in this structure, appears to be a bullish price breakout wave. This, along with what I believe will likely be an increased overall caution in the markets throughout Q4:2021 and into early 2022, will push Gold higher as traders move to hedge risks.

I wrote about the broader market trends and price patterns in May 2021. At that time I suggested a Momentum Base appeared to be setting up which could confirm the larger Appreciation/Depreciation market cycles. This research article was created before the current Pennant/Flag price formation started to form. Overall, the Momentum Base level in Gold is still valid and the new Pennant/Flag pattern suggests we are nearing a big breakout/breakdown trend in Precious Metals.

• May 16, 2021: GOLD APPEARS TO BE STAGING NEW MOMENTUM BASE IN PREPARATION FOR A BIG UPSIDE MOVE (PART II)

Over the next 12 to 24+ months, I expect very large price swings in the US stock market and other asset classes across the globe. I believe the markets are starting to transition away from the continued central bank support rally phase and may start a revaluation phase as global traders attempt to identify the next big trends. Precious Metals will likely start to act as a proper hedge as caution and concern start to drive traders/investors into Metals.

[braindeadoldguy]

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[likeike]

If we find electrum under the TCH can we please call him Captain Electrum? IKE

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[megacopper]

  You might get your wish ike under that highway. The boys are in there right now with the drill about halfway between the far southwestern end of the Keats Zone and the TCH highway. I'd say Tom Brady could throw a football from the highway and come close to hitting that drill out in the woods. Lol. A lot of activity on that end of the Keats. They are clearing more trees away between

[catf7rider]

Thanks for another great update Mega gold. The excitement is building between your visual updates and company news coming from labs. We certainly have a winner here.

[diabase1]

Thanks for that update Megacopper. Your detailed update is like being there.

[likeike]

Great report as always the soon to be Captain Electrum. Those 2 drills going up Godzilla Hill sure have my fancy. What type of bike do you need to ride down south where  the real new action is. Do not think that lone drill on JBP will be lonely for long once we get that other rig going. And furthermore are you saying if I am driving down the TCH while playing "It's beginning

[megacopper]

  I think Christmas might come early for us this year.    The most activity I have ever seen at the site. Too bad the weather is the sh*ts here. It's not fit for a dog here today. Strong cold northerly winds with heavy drizzle and sometimes heavy rain. We needed rain but we didn't need it all at once. I think it would have been better if everything was frozen and we were

[likeike]

I disagree Megagold we now will have Xmas twice a year this year and maybe more. It may very well be declared by the Newfoundland government in the future. We had Xmas in my opinion when they found the Golden Joint. The big questionis is  if this new discovery or the Godzilla Hill becomes our next xmas present or some other unforseen discovery.  Oh heck just double the Keats....we

[TheGreekGoldGuy]

Thanks for tyhe great update Megacopper, the Greek will pay for your next carwash. Send the bill to Likeike. 

[megacopper]

  Hahaha yes I'll direct all bills to ike. Lol It's raining so hard here now I won't need a car wash. What a bad stretch of weather we are having. It's not fit for a dog out there. Cold northerly winds for a week. We got a stalled low pressure system out over the North Atlantic sending nothing but cr*p in on the northeast coast of the island. Oh my. 

[likeike]

Wife is off to a dog show in Van that is getting lots of rain now and getting more tomorrow. They have to groom the dogs outside and bring them in just for showing because of covid. A friend is packing a big tent. She will come back like a wet rat but the dogs will love it.  It is an ASCA show (Austrialian Shepherd Club of America) will be interesting how many uhauls will be up. We know

[itsjustme1]

You are assuming everybody is interested in your life. This is definetly not the case. Here to read about NFG info, not your dog and pony show with your wife. Try facebook or the phone for your personal storries. Awaiting your rebuttal dribble

[likeike]

 Just the Chart Image for Printing  Just the Chart Image for Printing Yes Justme1 if my 2 biggest stocks I followed looked like this I would lose my sense of humor too. I just have to say your dogs are barking more than mine. IKE