RE:RE:RE:RE:RE:RE:RE:Article about Monument MiningThis coronavirus is really a game changer for gold. It will be with us for some time and cause damage to the economy. The Fed will be fighting it with cheap money. Gold will continue to go up. Next week, we could go over $1,700. When it hits $2,000, CNBC will start talking about it.
At first, money is moving into gold. Then, money will move into the most obvious places - Newmont, Barrick, etc. People will make money. Others will want to make money too. They will look at the gold mining universe for value. Projects will get financed. Gold properties will be sold to other gold miners. Monument will get a bid. I agree accumulating shares right now might not be a bad idea. After a 9 year bear market, we might be preparing for the best gold bull market in the history.
But in the short term, it might continue to be frustating. Here is a video of Eric Sprott complaining about the juniors which tells you that there is still a lot of pain in them.
https://www.youtube.com/watch?v=q0sC-EA9drY