NIA commentary on ABN: National Inflation Association
Gold is up by $13.28 this morning to $1,506.50 per oz! NIA is going to be releasing an important gold fundamental/technical update sometime between 12PMEDT and 2PMEDT this afternoon! In this update, we will be analyzing the price of gold vs. gold's managed money long and short positions in the futures market. Exactly one week ago when gold closed at $1,479.10 per oz, gold's managed money long position saw its biggest one week decline in many months! We will show you why this is extremely bullish for gold and makes us confident that gold's short-term bottom is already in with its next major move likely to be to the UPSIDE, with US$1,600 per oz very realistic for this month!
In this same alert we will be providing an extremely important update on NIA's top 3 favorite overall stock suggestions for the month of October, all of them being gold stocks: #1 Aben Resources (TSXV: ABN), #2 Ely Gold Royalties (TSXV: ELY), and #3 Coral Gold (TSXV: CLH).
There is a very high likelihood that NIA's #1 favorite overall stock suggestion for the month of October ABN will be releasing the drilling assay results for its 2019 drilling campaign at the Forrest Kerr project in the Golden Triangle this week! We will show you what happened yesterday to a nearby gold explorer that reported drilling assay results that were strong, yet their best hole wasn't even half as good as ABN's best hole from last year's drilling campaign. This nearby gold explorer exploded yesterday to reach a market cap of CAD$52 million or 3.16X more than ABN's current market cap at $0.14 per share of only CAD$16.38 million. We believe ABN deserves a higher valuation than this other British Columbia gold explorer and could potentially reach a higher market cap within days of ABN releasing its 2019 drilling results!
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 has received compensation from ABN of US$20,000 cash for a one-month marketing contract. NIA has received compensation from ELY of US$30,000 cash for a six-month marketing contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
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