Despite gold stocks’ recent surge, their young upleg likely has a long ways to run yet. Gold’s own outlook remains very strong, and its miners’ stocks will leverage its upside like usual.
One reason for the market excitement was the consistency of the results and where these results are coming from. Cervantes is showing its prospectivity in terrain that has the genetics for bulk tonnage mining operations.
Gold’s strong upside momentum is attracting back traders and rekindling bullish sentiment. That will drive increasing interest in the fundamentally-superior smaller gold-mining stocks, which really amplify gold’s gains during uplegs.
India’s GIFT city is set to become the world’s main gold price discovery hub, dwarfing the COMEX, LBMA, and China’s SGE. Mining stocks will become an institutional darling...
