Stick With Precious Metals; Investor Interest Is Cyclical

Lack of interest in precious metals is cyclical, and investors would do well to stick it out, said Richard Drechsler, V.P. Communications of Strategic Metals Ltd., a project developer based in Yukon.
“The gold price is obviously a big thing, if you can get the gold price moving in the right direction, you’re going to get a lot more interest coming back,” Drechsler told Kitco News on the sidelines of the Yukon Mining Investment Conference in Dawson City.
Drechsler added that investments into exploration companies are speculative in nature, which means capital into junior miners is competing against blockchain and marijuana stocks.
“The early stage exploration is higher risk capital so you’re competing against these other sectors, so without the gold price moving in the right direction for you, there’s not a lot of reason for people to step out and take that risk,” he said. (show less)

Lack of interest in precious metals is cyclical, and investors would do well to stick it out, said Richard Drechsler, V.P. Communications of Strategic Metals Ltd., a project developer based in Yukon.
“The gold price is obviously a big thing, if you can get the gold price moving in the right direction, you’re going to get a lot more interest coming back,” Drechsler told Kitco News on the sidelines of the Yukon Mining Investment Conference in Dawson City. ... (read more)

Yukon Mining Conference

Yukon Mining Conference
Founded in 2009, Yukon Mining Alliance (“YMA”), a strategic industry alliance of Yukon’s leading exploration, development and mining companies, is focused on creating innovative capital attraction initiatives to promote Yukon’s competitive advantages as a top mineral investment jurisdiction and its member companies and their Yukon-based projects.

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