Mid-Year Window Dressing Precedes 3Q Gold Rally

Many fund managers have been doing aggressive mid-year window dressing in recent weeks by chasing their way into big tech stocks at a peak. They have piled into companies like Apple (AAPL) and Nvidia (NVDA) for the sole purpose of showing them as large holdings in their 2Q/1H 2023 statements.

It is very dangerous to be in these big tech stocks when almost all U.S. economic data will fall off of a cliff in the second half of 2023 as the recession becomes clear to all. After we enter 3Q 2023, funds will flow out of big tech and into gold.

We have not attempted to "daytrade" a bounce in big tech stocks that are dangerously mispriced at unsustainable multiples. We are simply accumulating the gold stocks that we know will become 10-baggers when the inverted yield curve begins to normalize.

Augusta Gold (TSX: G) and North Peak Resources (TSXV: NPR) will become our two biggest winners.

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 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.