RERUN: It’s "Buy Time" For Gold Mining Stocks - Fund Manager

According to the “mining clock,” a concept used to measure commodity cycles, we are now in the first third of a bull cycle, said Bob Thompson, Senior Vice President & Portfolio Manager of Raymond James.
“The mining clock is just a simple way to see what’s happening in the market, reverse engineer that, and then tells you where we are in the cycle – are we near the end of the cycle or the beginning of the cycle, and it tells you if we’re in a bull market or a bear market,” Thompson told Kitco News on the sidelines of the PDAC 2019.
According to Thompson, mining companies go through natural cycles from becoming overleveraged near the end of a bull run to becoming cash-flow positive, which is where we currently are, and the mining clock indicates that now is a good time to buy. (show less)

According to the “mining clock,” a concept used to measure commodity cycles, we are now in the first third of a bull cycle, said Bob Thompson, Senior Vice President & Portfolio Manager of Raymond James.
“The mining clock is just a simple way to see what’s happening in the market, reverse engineer that, and then tells you where we are in the cycle – are we near the end of the cycle or the beginning of the cycle, and it tells you if we’re in a bull market or ... (read more)

PDAC 2019
PDAC 2019

PDAC: The World’s Premier Mineral Exploration & Mining Convention is the leading convention for people, companies and organizations in, or connected with, mineral exploration. In addition to meeting over 1,000 exhibitors, 3,500 investors and 25,600 attendees from 135 countries, you can also attend technical sessions, short courses and networking events. The four-day annual convention held in Toronto, Canada, has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry.

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