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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 > Commodities up?
View:
Post by Gangsterme on Jul 07, 2024 3:49pm

Commodities up?

Could be wishful thinking, however I believe we will see significant increases in gold,silver and copper this coming week. Everything I read leads me to think the this is about to happen. Might still be a week or two away but it is going to happen soon. Car sales down, housing sales down, bitcoin down, granted I am looking mostly at North America.
 

Soon the average investor will figure this out. Little investment has been made in mining and the demand is increasing significantly, so the price will go up. The problem being is that commodity investment has been ou of favour for many years. It will come back and when it does it will be impressive.

Comment by 1condor on Jul 07, 2024 7:27pm
This speculative gold stock (NFG) is not responding to rising gold prices as many would have hoped. Just check the chart for confirmation. So many on this board throwing out reasons why this happening (some bizarre to say the least). Like I keep saying...avoid these spec plays and buy a producer!
Comment by unclebobby on Jul 07, 2024 7:48pm
Loser
Comment by DanWarren on Jul 07, 2024 9:16pm
Condor has always been a trader here in NFG, at least it seems so.. He seems to always be posting for his positioning. He may be hoping to see NFG down a bit more before going long. I think NFG reacted well to Friday's gold move. 
Comment by DanWarren on Jul 07, 2024 9:13pm
Bingo Gangster! Ditto everything you are sensing. I'm wondering if this summer doldrums period is the calm before the storm.......Gold acting as solid as a rock in a pause rather than pull back. Did Morgan Stanley pay a few hundred million in fines for manipulation of the paper gold market, and a couple of their traders doing actual jail time put the kibosh on the blatant manipulation of the ...more  
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