Just prior to leaving for the PDAC, I wrote a couple reports explaining why I thought gold was ready to breakout above $2100. On the Friday before the PDAC started, gold gained strength and then it continued throughout this week. I also wrote that after it breaks out above $2100, it will have passed a physiological barrier which will put it in good shape to see a series of new record highs throughout 2024.
The junior resource market needs a catalyst right now. It needs a company to make a mega-discovery to send the share price up a few thousand percent. It needs a Corona, a DiamondFields, a Diamet, an Arequippa, or an Aurelian Resources. It needs to show investors that sometimes you can make a life changing bonanza of a killing in this space . . . and not just lose your shirt, which is all most junior mining investors have been doing this past decade. Until then, junior miners will grossly underperform the spot gold and silver prices.
The junior resource market needs a catalyst right now. It needs a company to make a mega-discovery to send the share price up a few thousand percent. It needs a Corona, a DiamondFields, a Diamet, an Arequippa, or an Aurelian Resources. It needs to show investors that sometimes you can make a life changing bonanza of a killing in this space . . . and not just lose your shirt, which is all most junior mining investors have been doing this past decade. Until then, junior miners will grossly underperform the spot gold and silver prices.