New Found Gold Corp V.NFG

Marvin calls

[Gangsterme]

Looks as there have been many holders of this stock that have had margin calls in last couple of days, this could explain some of the selling in the face of the outstanding potential of this company. Why else the selling unless one has a need to raise cash or forced to seep to cover margin calls.

As an aside, I have so many times read, on this site, people upset with short sellers but never does one read about anyone wishing buying on margin was not permitted. They both have the same result, a shift in the price of the stock, just in different directions. I want short sellers when I want to purchase and people buying on margin when I want to sell. Oh, to live in a perfect world!

[Dixiedee]

Margin calls iam are playing a big part in this market decline I personally never use margin in the stock market ever adds to much risk 

[seashark00]

Margin can cause a lot of grief. I doubt with a small public float that much is owned on margin.  Where we are vulnerable is if investors receive margin calls and HAVE to sell NFG to meet them.  I'm just holding because I think NFG has a real high quality find here.

[goldanalyst]

...and last year tax loss selling at the August ! No point selling here but expecting much lower prices...the FED seems hell bent on raising rates...which horrible for gold and stocks...

[Retiredgeo]

It is the lesson of the May interest rate increase that the precious metals market quickly forgets and the prices of gold and silver rebound.  For June this is probably as bad as it gets.  I'm expecting a recovery from here.

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[megacopper]

  Yes I think you guys have called it right. Should be a gradual climb upwards from here. It appears the worst is behind us. The general markets will continue to slide of course as the Fed will raise rates a couple more times. Capital will find its way into the gold sector as the economy will most likely enter a long period of stagflation which is extremely positive for gold and the

[1condor]

goldanalyst..I have been waiting to add to NFG since it dipped below 7 bucks. Doesnt seem to be any hurry for me to do that yet as the price drop continues. As for the FED..I see a big 3/4 pointer on Wednesday...which I believe will trigger a general market rally as many at this point in the cycle want a more hawkish FED (and maybe another 3/4 in July?). If they only do .50 I suspect the market

[Retiredgeo]

If I were you I wouldn't listen to Marvin.  He will steer you wrong every time (LOL).