Find us a better sector to invest in right now that's more undervalued than gold miners/explorers...
Silver Miners/Explorers: Won't outperform gold miners/explorers until the final year of the cycle.
Bitcoin/Crypto: 99% of these companies will soon be worth $0 after Tether finishes breaking.
ARKK stocks: Have less downside than before but based on 2001 dot-com crash some will go bankrupt and those that survive will need at least one full decade to recover.
AAPL/MSFT: The most overvalued stocks of all which people mistakenly believe are safe havens due to unsustainable share buybacks.
Cannabis: If Democrats didn't legalize on a federal basis with control of the entire government things won't get any better moving forward.
Biotechnology: Record number of companies trading below cash but will need to rapidly reduce cash burn rates to remain in business.
Real Estate: Will be hurt more than any other sector by rising interest rates.
Banks: Very poor performers during periods of high price inflation.
Defense Contractors: Large-cap companies likely to slowly trend higher, best to look for selective small-cap opportunities that could become takeover targets.
Oil Exploration & Production: There are some selective opportunities, but we are further into this cycle than gold's cycle.
Coal: There are some selective opportunities mainly companies that own royalties in large coal mines.
Agriculture: There are some selective opportunities, but the largest fertilizer companies have already tripled in value this year.
Uranium Miners/Explorers: There are some selective opportunities especially in North America, but uranium prices need to go a lot higher for new mines to be developed.
Base Metals Miners/Explorers: There are some selective opportunities, but base metals tend to underperform precious metals during risk off environments.
Now find us a gold stock with a more bullish chart than Augusta Gold (TSX: G) and with a management team that has a better track record than G's management team.
G's Executive Chairman Richard Warke previously created: Ventana Gold acquired for $1.6 billion in 2011, Augusta Resource Corporation acquired for $667 million in 2014, and Arizona Mining acquired for $2.1 billion in 2018. His most recent new company before G was Solaris Resources (TSX: SLS) which gained by 1,044.67% following its mid-2020 IPO at $1.50 per share and currently has a $1.23 billion market cap. Some SLS shareholders who got in at $1.50 per share are beginning to take profits on SLS and accumulate G knowing that gold will strongly outperform copper moving forward and Richard Warke is now focused on turning G into his next billion-dollar market cap company.
G's flagship Bullfrog Gold Project was the second largest producing gold mine of Barrick Gold throughout the 1990s. Barrick is G's second largest shareholder after Richard Warke.
If G doesn't gain big, nothing else in the market will either. Please be patient and don't panic buy G because many of us including NIA's President don't own enough shares yet and are trying hard to accumulate on any dips.
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. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 159,200 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.