What I've learned over the years is that NOTHING happens in the mining sector quickly. This sector is probably the most cyclical of any sector you can invest in. As we all know with the miners, they're either in favor, at times, or most of the time out of favor. There's no middle ground with these companies, maybe with a few exceptions.
FMG should do very well when gold goes parabolic and the mining shares finally join into the feeding frenzy. IMO that event could still be at least a year or two away, but it will come. Like Keith said in the interview you posted. Investors need to rotate out of the areas of the market that they're making money in now and move that money into the resource/mining sector. He's absolutely right. Who's going to stick a nickel of their money into a mining company if the miners are dead money, like they have been for years now? All the money has up till now been made in tech and AI stocks.
Now with the breakout in the gold price that's changed the landscape. Ron alluded to that with one of his questions to Keith. A higher gold price, coupled with dwindling gold resources SHOULD have the major producers searching overtime for new gold resources and as Keith said those sources are limited.
P.S.: I meant to say this in my post about Keith's interview with Ron yesterday. In the beginning of the interview Keith was giving several reasons why investors weren't investing in the mining sector and he gave a few reasons. He never mentioned what I thought was the BIGGEST reason of all, that being it
takes FOREVER to permit a new mine. This goes back to the Lassonde Curve Theory.
Nobody wants to invest money until the Curve turns higher again. Period.
