New Found Gold Corp V.NFG

Gold moving higher again today

[megacopper]

Gold is still moving higher today even after a large move up last Friday. There has been an obvious shift in capital flow. Whether it's related to the tensions between Russia and the Ukraine or higher global inflation is very positive for gold. It appeared to me to be more to do with the possibility of war but inflation and other longer term economic factors are playing a role as well.

[AlwaysLong683]

In my view, current or near-term turmoil re. inflation, possible war, or other events that usually boost the price of gold tend to benefit companies that are currently producing and selling gold as they will benefit right away from such events by being able to sell their gold at higher prices, but junior gold exploration-stage companies not so much since the market realizes that it's likley

[amxjavelin]

Nice to see gold going Higher hope it holds and keeps going up good for jrs i think?.

[eldreco]

Absolutely....bring it on - but be watching at 3-4 AM when they will try to kick the stuffing out of it! It's so predictable.  Particularly when all we are talking about is "paper" gold.  Disgusting! el D

[AlwaysLong683]

Speaking of which, quite an interesting chain of events at GBR during the latter part of 2021: GBR was trading at just under 14.00 at the end of September 2021. By the end of November, it was at around 20.00 for a two-month gain of 43%, seemingly without any jaw-dropping news (at least from what I can tell) which would warrant such a large increase in share price over such a short period of time

[BlindBoy]

No certainty re: impressive rise of GBR price prior to the takeover announcement by Kinross, but there are other possibilities to consider. Back in the 70s, Chestar Millar made his first mine discovery, the original Afton Mine.  I got touted on the stock when it was still in the exploration stage, trading at 10 cents.  I knew the secretary.  Gotta admit that I did NOT buy though

[AlwaysLong683]

I believe today is a good example of the above. Gold up to around 1,900.00. Senior gold producers up signficantly: AEM  up  7.60% NGT  up   5.57% YRI   up   5.16% ABX  up   4.68% The only junior gold exploration-stage company in Newfoundland that popped today was KNC, up 34.62% (and up a total of around 75% over the past 4 trading days