Why the fall could finally lift lagging gold miners
The gold miners and juniors are trading at significant lows despite the yellow metal pushing through $1,800 this week, noted Greg Johnson, CEO of Metallic Minerals and chair of the Metallic Group. On Friday Johnson recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris.
Kitco NEWS Roundtable · Greg Johnson, Paul Harris, Michael McCrae
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Show Notes
The gold miners and juniors are trading at significant lows despite the yellow metal pushing through $1,800 this week, noted Greg Johnson, CEO of Metallic Minerals and chair of the Metallic Group.
On Friday Johnson recorded Kitco Roundtable podcast with Mining Audiences Manager Michael McCrae and Kitco correspondent Paul Harris. Gold and gold equities were near an all-time high a year ago, noted Johnson.
Since then prices have slid with the VanEck Vectors Junior Gold Miners down 28%.
"The juniors tend to correct more. They also go up more during the upper legs of the cycle," said Johnson. "We're coming out of a summer...a lot of people checked out. I'm optimistic that we may see better markets in September. The [past] 12 months is quite a healthy correction, and it's presented a real investment opportunity.
The podcast also referenced the Financial Review's coverage of Kuniko.