GOLD 0.51% $1,391.7 gold futures

Hi AllI think there is still a disconnect between the physical...

  1. 4,869 Posts.
    lightbulb Created with Sketch. 304
    Hi All

    I think there is still a disconnect between the physical price of gold and how it relates to the junior miners in the minds of many.

    Gold has only reached the last high it posted in the late 70's in monetary terms however not in inflated adjusted terms which seems to suggest $2000+

    For me those miners who are past the exploration stage and/or do not require more funding will be the ones that shine, pardon the pun, or subject to takeover.

    DIO, EXM, EMP and LST do it for me and are probably as good as most having a little of everything. I can't compare with other miners as there is not enough time in the day to research every stock.

    If my take on human nature is correct there will be an epiphany in the near future that will see money scrambling for these(all gold) stocks.

    Despite the turmoil we face at the moment I still think there is money out there that will be chasing too few (potentially) good quality companies.

    The trick will be, once it starts, is knowing when to get out.

    Cheers

    BW





 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.