Condor Resources Inc V.CN

PM Mining Shares

[Crashcomingsoon]

My Comment:  I'm expecting a major global financial crisis shortly after the US presidential election.  That should propel the PMs and the mining shares much higher.  Watch China's economy implode and watch the US national debt explode higher.  We just need Condor to get moving on drilling Huinac Punta and Pucamayo.

The opportunity in gold stocks ‘is as compelling as any we’ve seen in the history of the gold market’ – Goehring & Rozencwajg | Kitco News
Excerpts:
While central banks have shown increasing demand for gold bars, they have little appetite for gold shares, the analysts said. “With no natural buyer to counteract Western selling, gold equities have been left in the dust, now trading at historically low valuations,” they added. 

“Yet despite this, the market capitalization of gold miners remains at $220 billion, which is the same as it was in 2011 despite the fact that gold is 35% higher and the S&P 500’s market capitalization is four times greater,” they said. “Gold stocks now make up just 0.50% of the S&P 500, a figure reminiscent of the market bottom in 2015 rather than speculative tops.”

For all of the above reasons, the analysts said that “gold equities today offer an unprecedented combination of low valuation and high potential return.”

“Normally, when a commodity reaches new highs, investor interest is intense and valuations are stretched,” they explained. “Yet in the case of gold stocks, investor interest remains muted. Even as gold has rallied, investors have continued to withdraw funds from gold equity ETFs, with $1.5 billion redeemed from the GDX thus far in 2024 – a testament to the widespread disinterest in the sector.”

The current opportunity is as compelling as any we’ve seen in the history of the gold market.”