NIA’s Gold Price Forecast from Exactly One Year Ago
Exactly one year ago, gold was $2,509.55 per oz and NIA issued an alert entitled, 'Yield Curve Rapidly Uninverting, Very Bullish for Gold'. Click here to read!
NIA discussed one of its methods for projecting the price of gold and concluded it "would result in gold reaching $3,741 per oz by this time next year."
Gold is currently $3,554 per oz so not perfect, but our forecast was much more accurate than most other people.
The TSX Venture Composite Index has gained for seven straight months, but volume remains low. Minaurum Gold (TSXV: MGG) was down by 11.94% today and it is trading for less than half of its August 2020 market cap. LOL, crazy! They have the only newly discovered fully permitted silver project in all of Mexico. We are very early into the TSX Venture rally. There is nothing else we are bullish on in the market except for iShares MSCI Brazil ETF (EWZ).
If the TSX Venture Composite Index is near a short-term peak, we will see the monthly volume increase:
Be sure to research Questcorp Mining (CSE: QQQ) immediately we love polymetallic CRD projects like QQQ and North Peak Resources (TSXV: NPR). Check out the targets QQQ is currently drilling below:
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 owns a position in EWZ. NIA has received compensation from MGG of US$30,000 cash for a three-month marketing contract and previously received US$30,000 cash for a three-month marketing contract which has since expired. NIA has received compensation from QQQ of US$30,000 cash for a three-month marketing contract. NIA’s President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. NIA has received compensation from NPR of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.
