Gold is up today by $6.41 to $2,029.24 per oz.
Gold has the best technical analysis setup of any asset in the world.
Gold's 50-day moving average, 100-day moving average, and 200-day moving average are all at all-time highs.
However, gold's 14-day relative strength index (RSI) is only 48.85! This means gold has the ability to explode above $2,100 per oz as soon as next week without becoming overbought.
When gold closes above $2,100 per oz for the first time, that is when we will see Augusta Gold (TSX: G) gain by 100% within weeks. North Peak Resources (TSXV: NPR) could too especially if they have strong drilling results in the upcoming weeks.
All U.S. listed stocks are extremely overvalued, except for Zedge (ZDGE), which will breakout soon!
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 NOB of US$50,000 cash for a six-month marketing contract. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. NIA's President has purchased 60,000 shares of NPR 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
