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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 > Hold up in most currencies not US$
View:
Post by Dixiedee on Jul 05, 2022 7:56am

Hold up in most currencies not US$

Gold is up in most currencies not the US$ all golds losses is US$ strength gold demand is starting to pick up everywhere worldwide this strength will grow into the fall and into next year just as the USA interest rates increases will slow or halt once either of these happen it will be explosive for gold 
any weakness at all should be considered a buying opportunity the seasonality for gold is a couple months away from starting this is the time to buy not sell do your own DD but this is my thoughts
Comment by megacopper on Jul 05, 2022 9:47am
  Yes we all know what is happening but until the US dollar weakens gold will trade sideways here around these levels. Gold will have its day and it could be as early as this September for it to start a bullish rally. There is strong demand for gold at current levels and New Found Gold has a high grade gold deposit that will be mined at a very low cost. Timing should be perfect for ...more  
Comment by Retiredgeo on Jul 05, 2022 9:59am
USD reaches a 20 year high
Comment by megacopper on Jul 05, 2022 10:19am
  Yes gold in usd is going for a major dump today as a result of the strong us dollar. And of course gold equities are down again. I wonder where the bottom will be. New 52 week low for NFG. It's going to be a rough week by the looks of it. I am thinking one more rate hike and the Fed will be done because the US economy is already experiencing negative growth. 
Comment by Retiredgeo on Jul 05, 2022 11:01am
Once again pay attention to the volume.  There is no big exit from the stock.  Every time the USD goes up and everything valued in USD goes down some retailers panick and run.  Once the markets stabilize all of these stocks and commodities are going to roar back.
Comment by toller1 on Jul 05, 2022 11:44am
This stock will visit the $3 buck range before it roars back as some of you like to put, to the $7 range. In 3 weeks we will know if the US had 2 negatives quarters which spells recession. The big one will be next year and everything will get decimated including gold. When we come out of that one Gold will lead the way back. There is going to be a lot of pain in the next year or so. 2023 will be ...more  
Comment by likeike on Jul 05, 2022 4:12pm
This stock will visit the $3 buck range before it roars back as some of you like to put, to the $7 range. In 3 weeks we will know if the US had 2 negatives quarters which spells recession. The big one will be next year and everything will get decimated including gold. When we come out of that one Gold will lead the way back. There is going to be a lot of pain in the next year or so. 2023 will be ...more  
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