TSX Venture Sideways Trading for Nearly 5 Months
On October 23rd with the TSX Venture Composite Index at 964.23, NIA sent out an alert entitled, ‘We’re in Stock Pickers Market, TSX Venture Could Trade Sideways for Six Months’.
Since then, the TSX Venture Composite Index has traded in a range of 838.35 up to 1,177.21 with a mid-point of 1,007.73 and is currently 1,012.17, so it has pretty much done what we expected. Maybe it will dip another 4.74% and decline to 964.23 by April 23rd, causing our prediction to come true exactly.
Between October 2002 and May 2007, the TSX Venture Composite Index rose from a low of 887.29 to a high of 3,372 for a gain of 280% in 55 months. From its November 2023 low of 506.65, this would put it at 1,925.27 by June 2028. So maybe it forms a short-term bottom next month around 964.23 and then sets the stage for a near doubling to 1,925.27 over the following 26 months.
NevGold (TSXV: NAU) looks amazing here after rising 2.50% today to $1.23 per share. Perpetua Resources (PPTA) has the highest market cap per oz of gold resources out of all gold developers at $667 per oz (measured + indicated + inferred) because it also has antimony resources averaging 0.07% Sb. Americas Gold and Silver (USAS) trades at an enterprise value of 23x revenue, the highest of all gold/silver miners because it produces some antimony (although it has no antimony resources and could run out at any time). United States Antimony (UAMY) trades with an enterprise value of 40x revenue because of the importance of antimony to U.S. homeland security, even though it mainly functions as a smelter that processes antimony mined by USAS. NevGold remains undiscovered as an antimony play, but its maiden mineral resource estimate is coming soon and is expected to average significantly higher Sb grades than PPTA.
Noble Mineral Exploration (TSXV: NOB) gained by 10.53% today to $0.105 per share after acquiring 22 new claims totaling 1,232 hectares in an area 90 km southwest of Chibougamau, Quebec, where rock samples from a 1986 government survey showed elevated scandium values. With Scandium Canada (TSXV: SCD) up by 1,033.33% over the past year, this is just one more reason to be bullish on NOB! Click here to read NIA’s initial NOB report.
Super Copper (CSE: CUPR) gained by 10.71% today to $0.62 per share. It needs to rise another 20.97% just to return to $0.75 per share, where it recently raised $9.75 million for its upcoming maiden drilling program in Chile, where it discovered extremely high-grade gold/copper samples over a widely spaced area. CUPR reminds us very much of San Lorenzo Gold (TSXV: SLG), the #2 largest mining industry percentage gainer of 2026, which recently intercepted gold/copper in its first few widely spaced drill holes in Chile. Peter Thiel speaks to Christian Angermayer even more often than Elon Musk. Christian Angermayer doesn’t copy Peter Thiel’s investments; it is actually Peter Thiel who gets a large number of his investment ideas from Christian Angermayer, who considers CUPR one of his “portfolio companies”. Christian Angermayer and Peter Thiel could become the next Eric Sprott-type mining magnates.
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 has received compensation from NAU of US$100,000 cash for a twelve-month marketing contract. NIA is receiving compensation from NOB 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. NIA has received US$30,000 cash from CUPR for a three-month marketing contract. This message is for informational and educational purposes only and does not provide investment advice.