Numis Securities: We’re only months away from a junior mining price rally

It’s only a matter of time before junior miners’ performance catches up to precious metals, as mining stocks tend to lag a consolidating price rally, said Jonathan Guy, Director of Mining Research at Numis Securities.

“It all takes time. The gold price is the thing that moves first, but people want to see that the move is real before they commit new money to the sector, and I think there’s probably a three or four lag between the gold price moving and investors wanting to put new money into the specialist funds,” Guy told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.

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INDICES

Name Last Change
DOW 26770.20 0.96%
S&P 500 2986.20 0.39%
NASDAQ 8089.54 0.83%
TSX 16377.12 0.30%
TSX-V 542.43 0.00%

Resource Commodities

Name Last Change
Gold 1490.25 0.18%
Silver 17.53 0.06%
Copper 2.63 2.625
Platinum 901.00 0.67%
Oil 53.78 0.28%
Natural Gas 2.32
Uranium 24.88 0.00%