Gold Up Another $63 this Morning to $4,124 Per Oz

Gold is up another $63 this morning to $4,124 per oz. Over the last six months, NIA has consistently predicted that gold would pull back to a low of approximately $3,800 per oz before resuming its bull run to $6,500+ per oz! Since bottoming last Friday at $3,870 per oz, gold has rallied by $254 per oz for a gain of 6.56%!

The most oversold gold stock with the most short-term upside potential is Total Metals (TSXV: TT). Its market cap at $0.23 per share is US$9.74 million and they are currently drilling at one of Canada’s highest grade gold projects: the High Lake Gold Project in Northwestern Ontario that it acquired from McFarlane Lake Mining (CSE: MLM). The High Lake Gold Project has a current NI 43-101 mineral resource estimate of:

• Indicated Resource: 152,000 tonnes grading 9.38 g/t gold, containing 45,800 ounces of gold.

• Inferred Resource: 287,000 tonnes grading 10.43 g/t gold, containing 96,200 ounces of gold.

Between 2022-2024, McFarlane Lake Mining (CSE: MLM) drilled 20,400m across 79 holes at High Lake with results like 24.96 g/t Au over 14.90 meters (including 43.22 g/t Au over 7.99 meters) in drill hole MLHL-22-06.

Total Metals (TSXV: TT) also acquired from MLM the adjacent West Hawk Lake Gold Project just across the border in Manitoba with a total historical mineral resource estimate from 1983 of 457,000 tonnes grading 13.97 g/t gold, containing 204,200 ounces of gold.

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 TT of US$100,000 cash for a twelve-month marketing contract and previously received $100,000 cash for a twelve-month marketing contract which has since expired. This message is meant for informational and educational purposes only.