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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > June swoon for gold?
View:
Post by likeike on May 31, 2022 10:16am

June swoon for gold?

May 31, 2022

1. Another week in the 2021-2025 war cycle is underway, and for investors properly positioned, it’s been a cakewalk… with lots of golden icing on the cake.

2. Please click here now. Western governments seem eager to turn middle earners into the poor, and their “all stick and no carrot” actions may also cause hundreds of millions of the world’s poorest citizens to starve. These governments call it, “freedom fighting”.

3. Please click here now. Double-click to enlarge. Oil may be ending a minor trend rally, but it’s also breaking out of a significant ascending triangle pattern.

4. I’ve predicted that food riots would begin in some nations on a sustained move above $130 for oil.

5. In America, the riots likely won’t begin until oil trades above $200, but there will be “isolated incidents” of shootouts at gas stations and grocery stores.

6. More desperate citizens will mentally break down and embrace violence and robbery as the only practical solution to feed, transport, and shelter themselves and their families.

7. Please click here now. Double-click to enlarge this awesome XLE chart. To stay ahead of the mayhem, investors need to own gold and silver, but also energy stocks and a diversified commodity fund or ETF.

8. Please click here now. Next, please click here now. Three meals a day becomes two, two becomes one, and the only question is… how long before one becomes none?

9. Please click here now. The CNN GFI (greed and fear index) shows US stock market investors are demoralized, afraid, and rightfully so:

10. The nation is only beginning month 18 of a 60month war cycle, rates are rising in a real estate bubble, both political parties worship fiat money (fiat is the backbone of socialism), and the CAPE ratio for the SP500 is higher than it was in 1929!

11. Yet, incredibly, stock market gurus are calling this horrifying situation… a roaring buy signal for the market.

12. Please click here now. Double-click to enlarge this Dow chart. I’ve only issued four major buy signals in the last 40 years, and I have no intention of issuing another for a long time. The bottom line is this:

13. It could be ten or twenty years before the US stock market offers investors reasonable value again.

14. Please click here now. My focus for stock market investing is China and India, and the Chinese market is now reaching what is best termed, the outskirts zone of reasonable valuation.

15. More importantly, unlike the silly citizens of the West, Chindians view strength in the economy and stock market as a great reason to buy lots of gold. I’ve defined what lies ahead as a “gold bull era”, with rising gold prices for the next 100 to 200 years, and the return of gold as money, in digital form. In a nutshell: like the small Western gold community, 3 billion Chindians understand that fiat money is the barbaric relic, not gold.

16. Please click here now. Double-click to enlarge. The past 50 years have been a disaster for the dollar versus gold, and the next 50 are poised to be much, much worse.

17. What about crypto? Please click here now. Double-click to enlarge this interesting bitcoin chart. I’ve predicted a massive decoupling event for crypto and the stock market, where crypto begins moving higher with gold, the stock market tumbles into a gulag and...

18. The decoupling event may be starting now. In my Crypto Palace newsletter, I issued a massive sell crypto and buy gold signal in the $65,000 area for bitcoin. Now, it may be time to buy bitcoin again, not with gold, but with fiat! At $499/year and about 4 issues a week, my newsletter is superb value. To celebrate the decoupling, I’m offering new and renewing subscribers a special half price offer of $259 for 15 months. Send me an Email or click this link to get the special price. Thanks!

19. Next, please click here now. Double-click to enlarge this XME metals and mining stocks ETF. It’s a perfect way to play the current global situation, with exposure to gold miners… and the base metals that rise even in the face of aggressive rate hikes.

20. I’m a seller of 30% of my XME trading position at about $60 and at $65 for the rest. From there, pure gold and silver miners should again get the spotlight.

21. On that note, please click here now. Double-click to enlarge. While XLE and XME look perky, the gold and silver ETFs like GOAU, GDX, GDXJ, SIL, and SILJ don’t have much volume on the rally.

22. A double bottom pattern is possible for most of these ETFs. The US jobs report is Friday and gold is often soft going into that report. Tuesday is also often a soft day for gold, and it’s the weak season for demand in Asia.

23. Looking ahead, Chinese lockdowns could be mostly lifted by July and US money managers may show concern that the only demand that the Fed’s tiny rate hikes are reducing is the demand for food. Republican victories in the US mid-term elections could produce a de facto freeze in government operations, with a democrat president locking horns with a republican congress on almost every issue.

24. The month of June? Yes, it could bring a gold price swoon, but when gold was $2000, I laid out the $1835-$1775 as the buy zone of focus. At $1775, if it happens, it will an “all aboard” signal for the pure gold and silver miners. All aboard a bull era starship, with a destination of all-time highs for gold, silver… and most miners too!

Thanks!

Cheers
st

May 31, 2022
Stewart Thomson

Comment by Dixiedee on May 31, 2022 10:38am
Ike have you made money with this news letter it's easy to say I told them to sell bitcoin at 65000  now but did he clearly say that then  I agree with most of what he is saying  but does he make you money 
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