New Found Gold Corp V.NFG

200 day moving average for gold

[shiftyone]

Is about $2085 US an ounce.  That is an important curve.

I don't know if it will go up or down this week, but there is a possiblilty it could go down and test that number.  Even though none of us want that.

[Dixiedee]

I think worst case 2200 or just below that .Lots of buying would step in @ or below 2200 that could push it past 3000 by year end the next leg up will start to get a lot of people's attention  the election may mute or exaggerate the swing bepending on how it plays out but it will not stop it from advancing in a wild fashion just my thoughts .personally Iam hoping for a bit more of a

[1condor]

Dixiedee...so now you are hoping for a bit more of pullback in NFG?  Odd statement coming from someone who is so bullish on this stock. What level ya looking at...below 4 bucks? 

[Evenkeel123]

condor, he might not be thinking straight.  He must have dropped 40 to 50K or more on Friday. EK

[Dixiedee]

I was thinking if gold corrected to under 2200 nfg would go to 4.25 to 4.30 range if it did I would load up big time if it doesn't I will continue to buy at the level it is now 

[1condor]

Dixiedee...What is concerning is it seems you are placing a very big bet on this one. I am assuming this is just "gambling money" for you as this is a very speculative (aka high risk play) on the sector. Good to always have a gold producer in your back pocket...where the odds are better for a decent/consistent return. Plus relieves some of the pain if NFG doesnt work out as planned.

[unclebobby]

1condor   largest investment  Eric Sprott 

[Dixiedee]

I wouldn't call it gambling but highly speculative but as the derisking pushes forward the eventuall pay off could be substantiall but you are correct to caution people to invest within their limits I personally do not use leverage at all while investing in the market I have used leverage on real estate investments  over the years but even there I never over leveraged debt puts you out of

[Dixiedee]

Iam still in accumulation mode this stock is extremely cheap in my eyes you may think differently but that's fine I I have done my Due Diligence and the reward justifies the risk for me .Gold is at the beginning of a super cycle in Precious Metals the timing and price in my opinion couldn't be better  the market is still fearful of everything gold that's the time to buy in my