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.
That would certainly help. I think that the gold stocks are so depressed that it wouldn't take a lot of buying pressure from momentum players to see big gains. This could definitely cause investors in the sector to fear missing out.
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.
Jack,
That would certainly help. I think that the gold stocks are so depressed that it wouldn't take a lot of buying pressure from momentum players to see big gains. This could definitely cause investors in the sector to fear missing out.
Allan