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Re: Implanting post# 19105

Thursday, 04/04/2024 1:31:49 AM

Thursday, April 04, 2024 1:31:49 AM

Post# of 19409
Yeah for sure prices have been rising nicely, but I mean a REAL major breakout is starting here, I'm talking about prices going to 3-5k/oz in the next few years or so. I think we will get some kind of correction soon simply because nothing goes up in a straight line, but I am still amazed how strong gold's rise has been even with interest rates still quite high. I have been following the trading volumes very closely for the last months on miners and something definitely has changed now in the last few weeks. We are finally seeing capital coming back into the sector but it is still very early days here. First Mining has definitely now bottomed, I am confident about that. Only maybe a massive stock market crash which would temporarily freeze all liquidity could make a new bottom, but I am very skeptical of this. The "AI stocks" and other overvalued tech stocks are for sure going to crash at some point but I dont think that will affect miners that much. Back when the Nasdaq Bubble collapsed in the early 2000's that actually did not affect miners at all, they were still rising back then. I see something similar happening here again. I think we can move very quickly here to the 30-50 cent range in the next months or so if we continue this positive momentum and more capital keeps coming in. If we get more good news here regarding Springpole's permits/agreements or plans to start Duparquet as a starter pit then I think we could be moving very quickly to 0.5-1 CAD range. Juniors/developers usually move very fast to the upside once the sentiment changes and people will be literally rushing in and buying every stock with the word "gold" in it. I have seen this so many times already.
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