David feels the term “quiet optimism” does, indeed, sum up the current gold market. He points out that capital markets have yet to open up to most micro-cap gold companies. He feels that the mining sector may well be the last deep value play in the market today. He thinks that gold will eventually rise above $2000 an ounce, but it will take longer than most analysts expect. Indications that we are reaching a market top may again come in the form of large companies acquiring overpriced low-grade projects.
Courtesy of Palisade Radio
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