Money once again flowing into goldThe IT and Crypto sectors have now topped and that cash is now looking for the next hot sector.
That sector is now gold.
On Friday, reviewing analyst rating changes on my Investment House daily report, I found that almost all of the covered gold stocks were rated Outperform.
I have never seen such a rapid and universal alteration in gold ratings in my investment career which goes back decades.
So, we are looking at a revival of investment dollars into gold and gold stocks.
We have a huge amount of material and development news pending release in the near future.
Considering this along with increased investment flows into Gold, its a fair bet that we will exit June above $0.30.
Throughout the summer, we will see sequential releases of Murchison drilling results along with development news at Peranghi, processing of Colombian concentrate, construction progress of the Floatation plant and other new developments currently under consideration.
If all goes according to form, we have an excellent chance of exiting summer above $0.60.
Even at that price, we will still be very undervalued ..