One thing we always encourage people to do, and it is so very simple, yet not enough people do it... is simply type in a company's symbol on TradingView with a /M2 next to it to see where something is trading relative to the money that has already been printed. For GDX (which unfortunately is full of poorly managed gold companies mixed in with a few decently managed gold companies) you type in 'GDX/M2' as the symbol.
Relative to the already printed money supply (although using two-month-old data because the Fed doesn't want you to have up-to-date data) GDX one month ago dipped to below its March 2020 low. Has 'AAPL/M2' fallen to below its March 2020 lows? Not even close... so anybody who thinks AAPL is a "safe haven" is wrong and the truth is Michael Burry (who our good friend made world famous) is very right for pointing out how we have an "index fund bubble". Every American is 100% fully convinced that accumulating the largest U.S. index funds (such as SPY) over time is a sure thing way to become wealthy. This "passive investing" mindset is the entire reason that AAPL is so extremely overvalued with higher valuation multiples than when the iPhone was first invented in 2007. What are we up to now the iPhone 14? AAPL is being valued like we will get up to the iPhone 40 and it will still be the best-selling product in the world without AAPL being disrupted beforehand.
Augusta Gold (TSX: G) is the best managed gold company in the world... 100% fact.
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.