The situation in China is obviously very bullish for NIA's two most recent copper stock suggestions Abitibi Metals (CSE: AMQ) and Power Nickel (TSXV: PNPN). Both companies have high-grade polymetallic deposits in Quebec that are rich in copper. Frank Giustra is a big investor in AMQ. Rob McEwen and Robert Friedland are big investors in PNPN.
On a global basis it can be argued that Richard Warke's Solaris Resources (TSX: SLS) and Rob McEwen's McEwen Mining (MUX) have the two best copper exploration/development projects and Robert Friedland's Ivanhoe Mines (TSX: IVN) is the best copper producer, but they are higher market cap companies. We prefer lower market cap companies like AMQ and PNPN.
Gold has just hit another new all-time high! China is rapidly dumping U.S. Treasuries and loading up with as much gold as possible!
Rob McEwen's largest new investment is in Nevada gold explorer Borealis Mining (TSXV: BOGO).
Richard Warke has been buying a lot of Augusta Gold (TSX: G) shares in recent days and it is likely to get acquired by AngloGold Ashanti (AU) at a huge premium before year-end.
Crude Oil is beginning to decline dramatically, which is very bullish for fully permitted Nevada gold explorers/developers BOGO and G.
The recent strength of Enterprise Group (TSX: E) gaining by 1,218.75% from NIA's suggestion price of $0.16 per share to a new ten-year high yesterday of $2.11 per share is due to a lot of capex being spent in Canada on the development of Canadian Oil Sands projects and the massive LNG Canada project that we informed you about in our initial E suggestion report (click here to read it). Global crude oil production is likely to remain strong, which will result in gold industry production/development costs beginning to decline from recent highs. As unemployment rises, we will also see gold industry labor costs start to come down!
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. NIA was previously compensated by PNPN US$50,000 cash for a six-month marketing contract which has since expired. NIA was previously compensated by LFG Equities Corp. US$30,000 cash for a three-month AMQ marketing contract which has since expired. NIA has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. NIA's President has purchased 224,200 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
