Gold Miners Strongly Outperforming NASDAQ and S&P 500 in 2024

In 2024 year-to-date, Vaneck Gold Miners ETF (GDX) has gained by 29.16% vs. the NASDAQ gaining by 20.90% and the S&P 500 gaining by 18.06%.

This evening, NIA will be discussing the management team, board of directors, and largest shareholders of newly listed fully permitted Nevada gold company: Borealis Mining (TSXV: BOGO).

Looking at Celtic plc (LSE: CCP) or CLTFF from an investor point of view, selling Matt O'Riley in the upcoming days for £30 million will definitely be the right move. Celtic had £67.33 million net cash as of December 31, 2023. We will know CCP's June 30th net cash when their annual report is filed in mid-September, but we know some smart people who believe Celtic will have £90-£100 million net cash in their annual report. NIA is going to conservatively estimate £80 million net cash as of June 30th, £100 million net cash at the end of this month following the closure of the transfer window, and £140 million net cash at the end of January 2025 following the completion of the initial league phase of the 2024/2025 UEFA Champions League.

Imagine if Celtic is still trading at its current price of £2.02 per share in January. If a billionaire were to purchase all of Celtic plc (LSE: CCP) at a market cap of £191.456 million and it comes with £140 million net cash, they would own one of the world's largest football clubs at a net cost of £51.456 million at a time when the Tampa Bay Lightning is about to sell for $2 billion and its operating income is less than Celtic. Tampa Bay Lightning's global fan base is miniscule compared to Celtic. Since 2004, global Google searches related to Celtic FC have been 5.625X higher than the Tampa Bay Lightning! Would you rather own Celtic FC or the Tampa Bay Lightning!?

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 has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.