The Shanghai Composite gained another 2.88% on Friday to 3,087.52. It still needs to gain another 98.35% to rise back to its all-time high of 6,124 from October 2007.
We aren't aware of any U.S. listed stocks worth buying. All of the big opportunities are overseas. With Chinese stocks soaring it will fuel a massive bull market in gold, silver, and copper mining/exploration stocks on the TSX and TSX Venture Exchange.
Abitibi Metals (CSE: AMQ) is our #1 favorite copper stock by far. Nothing else comes close.
Augusta Gold (TSX: G) and Borealis Mining (TSXV: BOGO) are two of the only publicly traded junior gold companies with fully permitted gold projects in Nevada.
We know that Abitibi Metals management has their own fully permitted gold company West Red Lake Gold Mines (TSXV: WRLG) but we honestly don't believe WRLG is going to work out successfully there are too many unknowns after the Pure Gold Mining disaster.
AMQ's B26 Deposit is located near Canada's largest gold mine Detour Lake where BOGO CEO Kelly Malcolm discovered Detour Lake's highest grade 58N gold deposit. BOGO VP of Exploration Iain Campbell was Detour Lake's Senior Resource Geologist.
Solaris Resources (TSX: SLS) isn't going to get acquired by Zijin Mining until after they are finished moving their headquarters from Canada to Ecuador, so it is pointless to buy the stock now.
AngloGold Ashanti (AU) recently moved its headquarters from South Africa to Denver, Colorado, because they are fully focused on making acquisitions, consolidating the Beatty Gold District, and bringing the Beatty Gold District into production as America's only new Tier 1 gold district.
AU can afford to pay full value of $5-$10 per share to acquire Augusta Gold (TSX: G) and it will still be extremely accretive to them because they are developing all of the surrounding gold properties and any additional ounces of oxide gold that they can add to their Beatty Gold District resources makes their Beatty, Nevada assets significantly more valuable. Still, it is not a 100% guarantee that AU is about to acquire Augusta Gold (TSX: G) because there are many mid-tier gold miners that would love to own its assets. There is going to be a very competitive bidding process.
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 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
