The U.S. Dollar Index (DXY) has just plunged below 110 and gold's shorts are getting desperate to cover! Gold's managed money short position is at its 95th percentile of all recorded history going back to 2006, which is an absolute best-case scenario for gold! Imagine what will happen tomorrow when the ECB hikes rates!
Augusta Gold (TSX: G) is likely to hit new 52-week highs in the days ahead!
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.