(Kitco News) - Good gold prices are delighting several miners, said David Erfle, founder and editor of the JuniorMinerJunky.com.
On Thursday Erfle recorded Digging Deep with Kitco correspondent Paul Harris at the 2024 Precious Metals Summit Beaver Creek in Colorado.
Gold hitting all-time highs is a welcoming sign.
“I've spoken with several happy management teams the past few days that have been de-risking large high margin, late-stage projects and are enjoying their respective share prices bifurcating from the sector,” said Erfle.
Erfle noted there had been some big equity moves in recent weeks. He wondered if the moves will catch the interest of the broader investment community.
“Will we see more generalist investors finally come back into this tiny sector after leaving over a decade ago?”
Erfle said gold could hit $3,000 ounce by 2025. Debt worries, war and a potentially chaotic election are tailwinds for gold.
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