The TSX Venture Composite Index is 6 months into what will likely be a 29-month bull market.
Historically, after the TSX Venture Composite Index bottoms at an extreme low like it did on November 10th at 506.65, it rises for between 11 and 55 months or an average of 29 months.
The TSX Venture Composite Index is currently 581.70 for a gain of 14.81% from its November 10th bottom of 506.65.
Previous bull markets for the TSX Venture Composite Index resulted in gains of 101.46% up to 280% or an average gain of 220.365%.
Based on these averages, the TSX Venture Composite Index will likely gain by 220.365% from its November 10th bottom of 506.65 and rise to 1,623.13 within the next 23 months.
Keep in mind that most TSX Venture companies have no cash or the ability to raise cash.
Almadex Minerals (TSXV: DEX) has a massive cash position and is trading for less than its cash in the bank.
DEX also owns its own drills and will be drilling at multiple copper/gold projects in Arizona and Nevada this year targeting porphyry copper/gold deposits at a fraction of the cost of what other companies would need to spend to drill these same targets.
When NIA makes a company its #2 overall stock suggestion it means it will become a huge winner just like Lifeway Foods (LWAY) has gained by over 1,000% since NIA made it its #2 overall stock suggestion.
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. This message is meant for informational and educational purposes only and does not provide investment advice.
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