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Coolykid

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18/05/24

11:34

Post #: 73891845
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Originally posted by slange: ↑

Yeah the speculative part of the game unless the metrics are outstanding hasn't occurred. This can be seen by the lack of record highs in the likes of the Russel 2000 which is the broadest market in the US but is the smaller end of town. The reason is fear and when fear is out there then money moves into the big end of town for safety and speculating in smaller assets regardless of the asset class get shunned.
We'll have to see as we move towards the US "election". The Banksters may lower rates even though they are not interested in doing so at the moment that might change and if it does we may see a burst of broader speculation. If we do I doubt it will last that long but the higher gold prices go then the more the majors will seek to build up their stockpile of reserves so looking for high quality juniors with a proven decent resource will more than likely be rewarding, bearing in mind that most company managements are seriously economic with the truth when describing their company's potential. Decent management is the key to a decent company. A crap manager can destroy a decent company quite easily.

US Dollar on the daily as it tests its 200 day and retesting its 50.

Daily on Gold Futures. The Banksters had to get seriously hard on it with their chokehold last night to keep gold capped so we'll see what gives tonight.

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What would be a good gold miner junior?

Not saying its a good one, but I am in BTR which I am happy with the recent progress. However I wouldnt mind adding one or two more especially as you said management can tank a good company with potential. I have been burnt by this before! I am tempted to back BTR even further however I have a good buy in price so want to share the love.

There were some 'dark days' in commodities which was a great opportunity to jump in cheap but im loving gold atm. The juniors are still so overly undervalued its crazy.

Any leads I can research would be much appreciated!
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