Ever since gold's new secular bull market began on December 17, 2015, at a nominal price of $1,049 per oz, the #1 most bullish short-term indicator for gold has been a U.S. Dollar Index of above 102. During this time period, when the U.S. Dollar Index rises to above 102, gold rises big over the following one-, three-, six-, and twelve-month periods 100% of the time. Since December 17, 2015, when the U.S. Dollar Index is above 102, gold achieves a median one-month gain of 5.41%, which is 13.87X higher than gold's median one-month gain when the U.S. Dollar Index is below 102. Currently, the U.S. Dollar Index is trading for 103.212, which is the most bullish possible short-term indicator for gold.
As gold makes a massive breakout in the upcoming weeks Augusta Gold (TSX: G) will become the largest gaining gold stock.
G is getting ready to surpass its most important key breakout point of $2.25 per share. When G surpasses $2.25 per share we look for it to rapidly rise to $3+ per share within the following 2-3 trading days.
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 159,200 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.