Gold's managed money net long position is now down to 2,748 contracts vs. the long-term median of 103,278 contracts.
Since COT data started getting released in 2006, the single condition of gold's managed money net long position being less than 3,000 contracts, gives gold a 100% chance of gaining over the following 12 months... with gold achieving a median gain of 20%.
All we need is a small gain in the price of gold for shares of Augusta Gold (TSX: G) to gain by 500%-1,000% from its current share price.
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.
Preparing Americans for Hyperinflation
