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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 Feb 13, 2024 9:15am

Gold action

Gold has dropped following an up tick in US inflation.  FED rate cuts may be off the table for the foreseeable future.  The US dollar is the chief competitor of gold.  More US interest rate hikes are good for the US dollar and bad for gold.
Comment by Gangsterme on Feb 13, 2024 9:37am
Broke through 2000$, now question is where will it go before stops rising again. This is likely a short term blip on downside. So says my ouigi board.
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