Bullboard - Stock Discussion Forum Condor Resources Inc CNRIF

Primary Symbol: V.CN

Metals & Mining Industrial Metals & Minerals

Condor Resources Inc. is an exploration stage company. It is engaged in the business of acquisition and exploration of mineral properties in Peru. Its portfolio includes Chavin, Soledad, Quriurqu, Huinac Punta, Ocros, Pucamayo, Humaya, Andrea, San Martin, Lucero, Quilisane, Rio Bravo and Cobreorco. The Chavin property covers an area of over 42 square kilometers within the central Andes mineral... see more

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Condor Resources Inc > Miners

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Post by Crashcomingsoon on Apr 17, 2024 2:09pm

Miners

My Comment: I've read this so many times from several analysts. So, the question is: When ?

"The Federal Reserve Is Clearly Trapped" | ZeroHedge

Excerpt:
Note that the gold mining stocks still have not provided any leverage to the price of gold. In fact, in the first quarter they did not even keep pace with the increase in the price of gold. With gold up 8.1% in the quarter, the gold mining indices were up 2%. Typically, gold miners provide 2x to 3x leverage in terms of returns; so with gold up 8%, the miners would typically have been up 16% to 24%. This supports our thesis that the miners are still undervalued and are going to mean revert with a vengeance as this bull market in gold continues. The gold mining shares have a long way to go before they reflect fair value.