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Greed Is Good, At Least For The Gold Mining Sector
A lack of investor sentiment in the gold space can be remedied with more greedy speculators, said Derek Macpherson, VP of Mining Analysis, Red Cloud Klondike Strike Inc.
"Greed comes from big share price performance, when you have exploration holes, and when stocks get taken out, and that's what gets people excited about junior mining," Macpherson told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.
"People don't invest in junior mining to make 100% of their money, they do it for the opportunity to make 1000%," he added. (show less)
A lack of investor sentiment in the gold space can be remedied with more greedy speculators, said Derek Macpherson, VP of Mining Analysis, Red Cloud Klondike Strike Inc.
"Greed comes from big share price performance, when you have exploration holes, and when stocks get taken out, and that's what gets people excited about junior mining," Macpherson told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.
"People don't invest in junior ... (read more)
Precious Metals Summit 2018
Precious Metals Summits provide a one-stop destination for institutional investors, sell-side representatives and corporate development executives from senior precious metals companies who want to be ahead of the pack in identifying the most prospective explorers and developers from around the globe. Our unique, by-invitation Summits offer delegates the opportunity to attend corporate presentations, meet one-on-one with senior management and to network in an exclusive yet warm and relaxed atmosphere.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
