gold share prices 1978 - 1980, page-9

Strat, you're making the assumption we're in the late stage of the bull market. The blow-off stage where juniors go ballistic may still be many years away. Some analysts reckon the gold bull is only in the early stages of Wave 3 with a crunching Wave 4 to endure before the final Wave 5. Wave 3 is when the institutions get on board, which may be starting to happen... wave 5 is when your next door neighbor does