Augusta Gold (TSX: G) gained by 7.69% on Wednesday to $0.70 per share.
At some point soon, G will breakout past its key breakout point/200-day moving average, which is currently $0.86 per share.
G surpassing its key breakout point/200-day moving average will be of equal importance to Zedge (ZDGE) recently surpassing its key breakout point of $2.50 per share.
It's understandable why people get much more excited about an opportunity like ZDGE than they get excited about G, because if there were more undervalued technology stocks out there with huge growth potential, similar to ZDGE... we would much rather invest into those companies than invest into gold stocks. However, most technology stocks have much more in common with AEHR Test Systems (AEHR), which has declined by 65.19% since NIA's short sale suggestion four months ago.
ZDGE was the very last sure thing winner in the technology space. ZDGE remains undervalued and likely to go higher with the Super Bowl and Valentines Day coming up, but excluding ZDGE there is nothing else worth investing in on any U.S. exchanges. This is when gold stocks start to perform strongly.
Gold stocks outperform when there is nothing else left that is worth investing in.
Nobody wants to buy gold stocks, but at some point, they are the only remaining choice to invest in.
All we can do is determine the best gold stocks that are most likely to become the largest percentage gainers.
The Beatty Gold District is America's only remaining undeveloped world class gold district.
Augusta Gold (TSX: G) is the only pure play way to capitalize on the success of the Beatty Gold District.
We trust G's management team to make the company a success and not screw things up. We can't say the same thing about 99% of other gold stocks.
Although Richard Warke's copper company Solaris Resources (TSX: SLS) has declined dramatically from its all-time high, a nationwide drug war is taking place in Ecuador, and that didn't stop Richard Warke from convincing China's largest mining company Zijin Mining to invest $130 million into SLS. We're sure he could have sold all of SLS to Zijin Mining at the same price, but he didn't want to. The good news is... he has secured a massive amount of funding for SLS in recent months to make it a stable company for many years to come while waiting for higher copper prices. Gold is likely to rise much more than copper in the short-term and Richard Warke knows this, which is why he wanted to get SLS stabilized first so that he can now focus on building Augusta Gold (TSX: G)'s market cap up to between $500 million and $1 billion before year-end 2024.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
