RE: RE: Gold Price & Junior CorrelationI agree with your post, Ilafalot, and your reasoning for correlating the POG to junior explorers' success (or lack thereof) but I believe this correlation is far looser because we're talking about GOLD and not another mineral. The POG, by and large, has steamed ahead virtually unchallenged over recent years, albeit with peaks and valleys, so the confidence in gold has rarely faltered lately, meaning that raising money for PPs and momentum trading has not generally been a problem for gold stocks in comparison to other resources.
Take uranium for example. a few years back it had an absolutely ridiculous run (up to $140per lb if i recall correctly) and you could just mention uranium and your sp tripled. Until very recently, with the price of uranium languishing in the $40 per lb range, companies like Uranium One had taken a pounding, and junior explorers could forget about raising money for drilling, even if they mentioned the holy grail for Uranium...China. Now, with rumblings of $90 per lb being tossed about, those stocks are coming to life.
Anyway, I dont disagree with you, but I do think that gold has inspired confidence for quite some time now.
Cheers.
DM