Many NIA members have sold Augusta Gold (TSX: G) to buy TheGlobe.com (TGLO) and that's perfectly fine with us. NIA's President still owns all of his G shares and doesn't own any TGLO shares but is happy for every NIA member who is about to make a fortune on TGLO as it rises by 1,000%-2,000% from NIA's initial suggestion price of $0.20 per share. These NIA members will soon be able to repurchase 11-21X as many G shares. If you still own G, you should sell it now to buy TGLO and allow NIA's President to add greatly to his G position at the lowest possible price.
Gold's managed money net short position has now hit 41,300 contracts, which is significantly larger than gold's managed money net short positions at the end of December 2015 of 27,201 contracts and at the end of April 2019 of 33,829 contracts.
As you may recall, gold finished December 2015 at $1,061 per oz. Afterwards, gold rallied by 19% within two months to $1,263 per oz in February 2016 and rallied by 29.6% within seven months to $1,375 per oz in July 2016.
As you may recall, gold finished April 2019 at $1,283 per oz. Afterwards, gold rallied by 12.2% within two months to $1,439 per oz in June 2019 and rallied by 21.2% within four months to $1,555 per oz in August 2019.
If history repeats itself, gold from its current price of $1,660 per oz will rally by 12.2-19% within two months to $1,863-$1,975 per oz in November 2022.
If history repeats itself, gold from its current price of $1,660 per oz will rally by 21.2% within four months to $2,012 per oz in January 2023.
If history repeats itself, gold from its current price of $1,660 per oz will rally by 29.6% within seven months to $2,151 per oz in April 2023.
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.