Why GDXJ Is Up 3.28x More Than Bitcoin Over Last 13 Months

On March 17, 2024, NIA sent out an alert entitled, 'Six Charts Proving Why Gold Stocks Will Rally but Bitcoin Not So Much'. Click here to see.

NIA explained how Vaneck Junior Gold Miners ETF (GDXJ) closed February 28, 2024, at what NIA called an extreme bottom of $31.20 per share.

NIA showed how GDXJ closed February 28, 2024, at a price that was less than 0.17x the price of SPDR Gold Trust (GLD).

NIA provided an exclusive must-see chart showing how historically when this has happened... GDXJ has achieved a median gain of 81.47% within six months and a median gain of 112.68% within twelve months.

In addition, NIA showed how Bitcoin was extremely overvalued relative to ProShares UltraPro QQQ (TQQQ) the triple leveraged NASDAQ ETF.

NIA predicted that Bitcoin would decline by 43.09% from its then price of $66,835. NIA showed how Bitcoin had a fair value of $38,063.84.

Since NIA sent its alert less than 13 months ago, Bitcoin has surprisingly gained by 20.31% but GDXJ has gained by 66.63% or 3.28x more than Bitcoin.

At the time of NIA's alert everybody was extremely bearish on gold stocks. NIA was the only organization in the world to accurately predict GDXJ would strongly outperform Bitcoin. We provided actual proof showing you exactly why. Click here to see.

Very important: The GDXJ/GLD ratio closed today at only 0.2055 vs. the 10-year median of 0.2469 and the most recent previous peaks in 2016 and 2020 of 0.32-0.40. In fact, in 2010 the GDXJ/GLD ratio rose to a high of 1.29.

Gold mining stocks will continue to strongly outperform for multiple years to come because we still have massive bubbles in Crypto and Big Tech Stocks. It should be interesting to see if GDXJ is beginning to receive any fund inflows.

Gold exploration stocks always peak approximately 6-12 months after gold mining stocks. The TSX Venture Composite Index hasn't even broken out yet but will surpass its most important long-term key breakout point next week. We are so early, but we hate saying that because we hear people say the same thing every day about Crypto even though anybody who owns Crypto is extremely late and about to get wiped out.

Buying gold exploration stocks today is like buying Bitcoin when NIA suggested Bitcoin in May 2016 at $530.

Click here to read NIA's March 17, 2024, alert. If anything, we are surprised gold stocks aren't already trading significantly higher, but it is easy to see why this is. Bitcoin and Big Tech Stocks are cults and they constantly attack/bash gold on social media. We never see gold investors attack Bitcoin except for maybe Peter Schiff.

NIA isn't Peter Schiff we are willing to go long Bitcoin if we think it will outperform gold. At some point after Highlander Silver (CSE: HSLV) and Augusta Gold (TSX: G) are each trading at least 500%-2,000% higher we will sell them and the other gold stocks we own and will consider buying Bitcoin assuming Howard Lutnick's Tether fraud and Michael Saylor's Strategy ponzi have both gone bust by then.

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's President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA's President has purchased 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.