There is a whole wide market out there and while the time will come to ride a big gold stock rally, that time does not yet appear imminent, continued short-term bounce or not.
Gold stocks surged higher in recent months fueled by huge gold-futures buying. But when those upside bets on gold grew excessive, heavy selling soon erupted to rebalance overall spec positioning.
Without question, investing in the precious metals sector has been a pain in the ass for nearly the entire 20 years I’ve been involved. The official intervention, which has become shamelessly blatant, is the primary reason.
While costs still rose on inflationary pressures, they remained far below prevailing gold prices which made for excellent profits. And these will grow amplifying gold’s gains..
In addition to delineating a 1.5-kilometre trend of near-surface gold mineralization, the discovery of a high-grade core zone which remains open at depth presents an opportunity to deliver another source of low-cost, high-margin mill feed..
Earnings season was in full swing this week but it is more or less over with. The metals confirmed their break out from last week with strong-follow through, and are set to move higher..
