General Discussion Topics, page-3519

They talk about the dramatic change in sentiment toward gold explorers since the heydays of 2020 - 2021 but don't really mention the cause or the catalyst to turn things around.

Basically, the explorers are in an interest rate sensitive sector which has been impacted by the surge in inflation and bond yields from 2022 which has created strong competition for money, making it harder to raise capital for non-income earning companies.

In a positive sign last night US markets saw a big flight of capital from eight of the top US stocks into the smaller company sector, an immediate response to lower than expected inflation figures and increased likelihood of an interest rate cut in September. The other response to the lower inflation print was a big uptick in the gold price last night which is about to crack the all-time high.

IMO once our market can see that the interest rate tide has turned money will quickly start to flow into the sector again and we will see a scramble for stock at the same time as the gold price is surging to create a double whammy FOMO effect. It can be hard to maintain our resolve, but the biggest payoff will come by being set before it takes off. The higher quality explorers will be the first to move.