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Monday, April 29, 2024 6:38:06 PM
Listen carefully to what he's saying. He talks about when the really big move higher in the gold price will happen and how the mining shares should react with the move higher in gold. I agree 100% with what he's saying about the new bull market coming back now that the gold price cracked the $2100 mark in convincing fashion. We'll see different moves in the mining shares as the move into stocks gets wider. The senior producers will move big first with the mid-tiers next and lastly the juniors.
He's absolutely right about giving up too soon on mining shares that may not move as soon as others do. I remember that from back in 2010-11. Some mining companies didn't go crazy until late in the cycle. I really don't expect that to be the case with FMG. A positive news flow will really propel the share price higher. That's when investors will actually be looking and listening to what's being said.
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