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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 Jul 19, 2024 6:42am

Gold action

Gold is continuing it's correction.  It is down another $31 USD/oz.  Considering that it went from $2300 to $2480 in less than a month a correction is perfectly normal.  The gurus say the fundamentals haven't changed.  They expect gold to break through $2500 later this year.

Silver has been beaten down to just above $29 USD/oz.  It will not follow gold up to any great extent but will follow gold down at the drop of a hat.
Comment by Dixiedee on Jul 19, 2024 6:57am
Volitity is the name of the game we are in right now expect big moves in god in both directions for the next while 
Comment by Gangsterme on Jul 19, 2024 9:10am
Remembering, they ae exploring for gold, when they start production the price of gold will matter, not today. What matters today is the size of the deposit and the grade and distribution. Even costs of mining are only important when they actually start mining, which they or some identity will start, hopefully with a first open pit operation in the not too distant future.
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