I think you'll find gold rising because of:
a) yes, USD declining (but gold is rising against all fiat currencies - including Australia!);
b) declining production - South Africa, most of the majors, established mines are getting deeper etc.
c) rising demand eg. gold bugs, india / chinese public, middle eastern / chinese / russian central banks.
The advantage of juniors if you find the right ones (and spread your money over quite a few because of the risk) is:
a) rising production in the face of rising gold prices;
b) can choose those in safe parts of the world;
c) re-rated as they get closer to production;
d) likely buy-out candidates for the majors since they are struggling to replace their reserves (& their production);
e) open cut - cheaper to mine than the majority of established mines
If the ducks a lined up, the rewards will be staggering. That is the carrot.
- Forums
- ASX - By Stock
- GOLD
- ncm and lgl ready to run
ncm and lgl ready to run, page-20
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)