Surely with gold at these all time highs investors in gol d stocks are constantly being derisked even on modest discoveries. All indicators suggest that gold is set to continue rising. Small caps should soon get related...imo of course?
This week. It looks like there a certain urgency to get goldvover the psychological barrier. At some point all gold stocks will likely pkay catch up to reflect the new value of holding gold. All low mcaps should reflect new valuations.
Ffs only 6 weeks ago gold was 900 dollars cheaper!
Gold price flying and all indicators say it will rise steadily for the foreseeable future. Explorers are also expected to rise significantly on expectations of becoming future producers. This bodes well for companies looking for precious metals with low market cap as investors find new interest in bargain basement stocks?
When we wuz all waiting on the assays at Ggp Havieron, gold was 3x cheaper at about 1800 dollars oz...we dreamed of 2000 dollars oz....and look what it did to Ggp
Big player is working thebsp. He did thevsame a few weeks ago then bought back in tranches. On the back of imminent news he will buy back. It could in fact be our old friend BSR..