After gold hit an extreme peak of $1,895 per oz in September 2011, retail investors kept buying the SPDR Gold Trust (GLD) ETF for 15 months keeping gold prices propped up until December 2012. When GLD buying ended in December 2012 as investors shifted to buying technology stocks like Facebook, gold prices crashed lower.
Ever since gold bottomed at $1,629 per oz in November 2022, retail investors have kept selling the SPDR Gold Trust (GLD) ETF for 15 months keeping gold prices at artificially low levels. This is the exact opposite of what occurred between September 2011 and December 2012.
When GLD selling ends in the upcoming weeks, gold will explode to new all-time highs of well above $2,100 per oz and Augusta Gold (TSX: G) will become the #1 largest percentage gainer in the entire market!
AngloGold Ashanti (AU) gained by 7.70% on Friday after announcing their plans to begin developing the Beatty Gold District starting with North Bullfrog directly adjacent to Augusta Gold (TSX: G)'s larger and higher-grade past producing Bullfrog Gold Project!
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
