VanEck Gold Miners ETF (GDX) gained by 10% today one of its largest up days in history!
We know we said that Augusta Gold (TSX: G) would dip to $1.55 per share if GDX didn't break $26 per share this week, but we no longer believe G is ever going to dip lower than its current price of $1.69 per share. In all likelihood, GDX explodes to well above $26 per share next week and G will hit new 52-week highs next week before finishing 2022 in the $5-$10 range (most likely on the higher end of that range).
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 174,200 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.