Why ANVWith the price of gold still well below its inflation adjusted price of around 2,000, there is much more room to grow in the near and long term. What does this mean for juniors like Allied? Once gold hits its euphoric inducing mark of 1000 and seriously begins to capture investors attention, the juniors will begin to take off like rockets as speculative dollars pour into the safe haven. The first to go, and the highest at that, will be the juniors with strong management and land positions.
Nevada is known for its gold deposits. This will be a driving factor in speculative price increases!
The CEO, Mr. Scott Caldwell, the CFO Mr. Hal Kirby, and the Vice President of Technical Services and Project Development, Mr. Michael Doyle, were all high level executives in the successful Kinross.
From a speculative standpoint, even if these companies do not produce extraordinary results, high gold prices will cause these juniors to greatly increase in value. Mr. John Embry of the highly successful Sprott hedge fund, a man who was laughed at a couple years ago for calling $1000 gold, seems to think so.
So for those with some risk appetite and ready to undergo some momentum investing, junior miners, such as ANV are the place to be.