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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 > Gold action
View:
Post by Retiredgeo on Sep 20, 2023 2:15pm

Gold action

The US FED is leaving interest rates unchanged.  Gold is holding on to it's gains at ~$1940.
Comment by nozzpack on Sep 20, 2023 2:47pm
Gold is up $10 and its upward rise has little long term chance of being restrained . Based on the FED estimates that rates in 2026, when US debt may hit $50 trillion will be 3%. This means that blended interest on US debt will be ~$2 trillion, double where it is now. So, to sustain just obligatory operating expenses, it will have to keep printing and printing. It has already lost the ...more  
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