Gold up another $17 an oz overnight. $1,200 /oz very soon if this trend continues, and the trend certainly looks set to run further. Some big sentiment changes in the gold market to date. Lots of new money (some from central banks) entering.
RSN (as well as a lot of juniors) have still not recognised the increased resource value from the recent gold increase of 200 -250 /oz. IMO this should have at least doubled the current market cap - assuming gold remains between $1050-1,100. Cap should also continue to rise in line with gold as it trends further up.
Money is flowing faster into the med caps (e.g. OGC) I would expect new money to flow down into juniors anytime as gold continues to appreciate and investors look to this price disparity of juniors. IMO this gap as it widens should overcome the perceived higher risk category of juniors. Especially as rewards are likely to be multi-baggers in a short space of time. IMO a little more patience will be greatly rewarded.
PS noted DOW and o/s markets roaring up today!
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