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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 > ABCD move D wasn’t done
View:
Post by Dixiedee on Aug 28, 2024 7:22am

ABCD move D wasn’t done

The D move wasn't  done gold is correcting some the next move up should be better than the last 
a buying opportunity is presenting itself again my strategy is to buy into weakness and accumulate shares 90% of purchase and use 10% as trading into strenght at much higher prices .
Iam hoping news doesn't come out until the downward move in gold is done and we have started an upward move in gold would be nice to have them coincide with each other for once
Comment by Patient1nvestor on Aug 28, 2024 8:09am
We are not a producer and won't be one for another 5 to 10 years, so logically speaking, price of gold should have little impact on our share prices. However, share trading and investment for that matter can have more to do with market sentiment than with fundamentals.
Comment by Dixiedee on Aug 28, 2024 12:30pm
no we are not a producer .But substantial moves in gold 15 plus dollars up or down doneffect everything gold even NFG and as gold moves higher the moves will have to be larger to effect everything gold in either direction .Market sentiment is improving but not enough yet to really move things. The price of gold effects the majors balance sheets which puts them in a position to aquire or in a ...more  
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