Make Kitco Your Homepage

After this happens, junior mining stocks will finally breakout to the upside

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

(Kitco News) - Capital markets have avoided the junior miners, but it’s only a matter of time before this changes, said David Erfle of

“They’re waiting for this move [in gold] to be sustained above $1,400. If you see the gold price maintain a floor of $1,400 into the end of the year, that’s two solid quarters of the gold price above $1,400, then they’re going to loosen up [their capital],” Erfle told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.