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David Erfle – The Mining Sector is the Last Deep Value Play Left (Audio)
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
Posted October 22, 2019
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