After the failure of Silvergate Capital (SI) every Crypto exchange switched over to Signature Bank (SBNY), which also failed this evening causing the Fed to "backstop" depositors at both SBNY and Silicon Valley Bank (SIVB). While not a bailout of the banks themselves because the equity holders got wiped out, the depositors will be made whole tomorrow, which means the Fed is once again engaging in QE and money printing.
This won't reinflate the bubble in crypto or tech stocks. It will create a massive rush to enter the world's two highest quality gold exploration stocks Augusta Gold (TSX: G) and Gold Bull Resources (TSXV: GBRC). We are about to see epic gains of 500%-1,000% in both G and GBRC between now and year-end!
Augusta Gold (TSX: G) didn't buy the Reward Project last year for US$45 million to sit on it.
Richard Warke negotiated the deal for G to acquire the Reward Project because he was anticipating and predicting this current banking crisis that is about to send gold to $2,670 per oz. Reward is the only fully permitted gold project in Nevada that can be constructed within nine months to capitalize on this crisis. There are less than a handful of other fully permitted Nevada gold projects, and only G's Reward Project is shovel-ready!
The only other fully permitted Nevada gold projects are owned by companies that have already increased to billion dollar plus market caps and none are ready for construction!
We believe Richard Warke has a specific gold price in mind that once it is hit he will immediately pull the trigger on constructing the mine.
If G announces a deal this month to bring Reward into production by year-end, G will be immediately repriced from $1.21 per share up to $5+ per share within days.
NIA's President plans to accumulate many more G shares until the company gets bought out in double-digit territory.
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 194,200 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.