GOLD CORRECTION MAY BE BEHIND US: ACTION STEPS!
From August 5th 2020, when gold reached its all-time high, we’ve seen the metal entering an official correction, defined by a -10% top to bottom price decline. It looks like the bottom may have been reached, judging by the following price chart!
From peak to bottom (August 5th to September 24th 2020), gold FELL FROM $2,070/ounce to $1,855/ounce on September 21st, a 10.4% downward move.
Since then, the price has risen by 3.3%.
New Found Gold (TSX-V: NFG & US: NFGFF) 2020 IPO:
- This is our NEWEST GOLD company on a watch list. Since its IPO on August 11th 2020, its price has APPRECIATED BY 134.2% (CAD$1.40 to CAD$3.28 today, with an all-time high of CAD$3.56 at October 14th).
What is the market so excited about?
For one, look at the major shareholders:
Two of the mining’s most famous executives and investors, Mr. Eric Sprott (a billionaire) and Mr. Rob McEwen (founder of Goldcorp!), are the largest individual shareholders!
Dr. Quinton Hennigh, the geologist involved in the discovery of the swan zone that led to the Fosterville mine becoming the most widely-covered success stories of a junior miner this decade, saw the results from a single drill hole and deduced that this is “a potential second Swan Zone, the only one in the northern hemisphere.”
Therefore, Novo Resources (Which Dr. Hennigh runs), owns an additional 11% of New Found Gold (US: NFGFF).
Canada is one of the world’s premier gold jurisdictions, but the region of Newfoundland, where New Found Gold (TSX-: NFG & US: NFGFF) has a massive land claim, is one of the planet’s last frontiers.
Here’s why: Canada’s terrain has been explored left to right for over a century, but Newfoundland has an unbelievable story behind it, as we see it. The entire island wasn’t part of Canada until the 1960s! A good chunk of the island’s interior was privately owned by the Reed family for much of the 20th century, in exchange for building a railroad across the island.
This land reverted back to the Crown in the 1970’s and 1980’s, opening up this FINAL FRONTIER. This turn of events makes this region the only unexplored gold jurisdiction in Canada! New Found Gold (TSX-V: NFG & US: NFGFF) is the region’s largest landowner; self-made billionaires Eric Sprott and Rob McEwen understood the potential of owning a large stake in a gold stock, which owns 2% of the entire island!
Their October 2nd PRESS RELEASE about the latest drill results was fairly significant.
Check out the company’s impressive CORPORATE PRESENTATION HERE!
Watch our newest company, New Found Gold (TSX-V: NFG & US: NFGFF) NOW!
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On July 22nd, 2020, in connection with our agreement with New Found Gold Corp, we received USD$235,467.26 to Gold Standard Media LLC and an additional USD$133,342.69 to Gold Standard Media LLC on April 24th, 2020. We contracted with New Found Gold Corp to provide advertising services for a period of 24 months.