Most think that Gold needs to rally further for miners to re-rate. Not the case. It could tread water from here and most producers would still be minting $$. Sept Quarterlies start in earnest next week. FMs will be falling over themselves soon for a piece of the action. Margin expansion is huge at current prices.
Development plays like a few I've seen you posting on will get the biggest retate as they have been so unloved till now and was clear at the last RRS on the GC that those funds are finding their way into the smaller end of town.
Theres not enough physical gold in the world AT CURRENT PRICES to allow for the gold recycling that is replacing the petrodollar recycling that has been the norm since the 70s but shifted a couple years ago.
Wait till concensus really catches on. Copper moves follow gold moves based on previous cycle moves.
NWC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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