NIA's Gold Moon Indicator is showing that gold is about six weeks ahead of itself and where gold is supposed to be trading right now.
NIA's Gold Moon Indicator had forecast gold to be trading today at $1,968.77 per oz on its way to finishing 2023 at $2,670 per oz.
Currently, gold is trading for $2,019.40 per oz and wasn't supposed to hit this price until May 22nd.
It is important to stay focused on the medium/long-term picture and not try to trade gold or gold mining/exploration stocks for the short-term.
Anybody who took profits on Augusta Gold (TSX: G) today thinking gold will dip because of what NIA's Gold Moon Indicator says may end up regretting it. However, there is nothing wrong with taking profits on G if you feel like one of our other Top 5 Picks like Gold Bull Resources (TSXV: GBRC) is a bigger opportunity. We believe G is going to be the #1 largest percentage gainer in the upcoming months but maybe we will be wrong and GBRC will outperform it.
All of NIA's Top 5 picks are going to make massive gains so ultimately nobody will care which one gains the most or second most.
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 199,200 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
