So far during this current month of November 2022, the U.S. Dollar Index (DXY) is down by 4.90% its largest monthly percentage decline since September 2010!
Remember what happened after September 2010??? Gold went from $1,307.65 per oz at the end of September 2010 up to $1,920.94 per oz in September 2011 for a twelve month increase of 46.9%!
Gold stocks at their recent lows were priced as if gold was about to decline below $1,500 per oz, which had no chance of ever happening. A massive repricing of gold stocks to the upside is about to take place during the month of December 2022. The final week of the year is almost always the largest gaining week of the year for small-cap Canadian listed gold exploration stocks. We can pretty much guarantee you that Augusta Gold (TSX: G) will finish 2022 significantly higher than its current price. We won't be disappointed at all if G only hits $4 in December because G will 100% for sure breakout well above $5 in the very short-term future. Whether it's December or January what difference does it make?
Gold isn't high enough yet for G to rise above $10 but in some ways the recent dip in crude oil is equivalent to gold rising an extra $100 per oz because lower energy costs significantly increase the net present value of G's gold assets. This will become apparent to all when G releases its technical reports.
We would prefer if you do not tell any friends or family members about G tomorrow on Thanksgiving because our gut feeling is that most NIA members including NIA's President are underexposed to G at the moment for many different reasons. Let's wait until Christmas to really get the word out about G in a big way!
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.