Bull Market Just Around the Corner ? In my opinion, the real ignition for the bull market is still missing but it feels like we’re getting very close.
Lately, I’ve been getting the sense that investors are quietly starting to position themselves in the junior space. It’s not loud yet, but there’s movement under the surface. Especially with early-stage plays like PHD, timing could become critical.
Sure, PHD currently has no property and limited funds but it’s often exactly these kinds of names that respond the strongest once the market turns.
For the bull market to truly ignite, we probably need a combination of a stronger gold price, more clarity from the Fed, growing distrust in fiat currencies and importantly, a clear signal from the majors. Once they begin aggressively exploring, acquiring projects or taking positions in juniors, it could light a fire across the entire sector.
Once things start moving, they tend to move fast. Just my opinion but I think it’s a good time to keep your eyes open.