Wall Street Is Throwing Billions at Once-Shunned Gold Miners Gold up to $1860 during overseas trading as I type this. The gold rush has just begun. With more stimulus from Feds coming and lots of uncertainty, gold price will rise faster and higher than during 2009 to 2011. The catalysts are much larger now than in 2008 when the Great Recession was caused by a financial sector meltdown in the U.S.. This time economies around the world are affected. Another factor that will drive the exponential rise in gold stocks, IMO is retail investors jumping in because of FOMO - fear of missing out.
The prospect of profits has already prompted hedge fund Crescat Capital LLC to launch its first activist-investing campaign in gold and other precious metals equities, with a focus on junior exploration companies.
“We really think the timing for gold mining stocks is just incredible right now, especially going down into the junior space, and all the way into the junior exploration side of things,” said Kevin Smith, the founder and chief investment officer of Crescat, which manages about $75 million in assets.
https://finance.yahoo.com/news/wall-street-throwing-billions-once-233147743.html