{"id":679764,"date":"2018-01-19T21:31:31","date_gmt":"2018-01-19T21:31:31","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=679764"},"modified":"2018-01-19T21:31:31","modified_gmt":"2018-01-19T21:31:31","slug":"multi-year-breakout-in-gold-at-1400-could-boost-junior-miners-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=679764","title":{"rendered":"Multi-Year Breakout in Gold at $1400 Could Boost Junior Miners"},"content":{"rendered":"
\"sc-65\"<\/a><\/div>\n<\/p>\n

\u201cWe see a breakout at $1,400 in gold, which could mean new multiyear highs,\u201d said Jeb Handwerger, editor of GoldStockTrades.com, which offers a newsletter focusing on mining exploration companies. Gold futures haven’t topped $1,400 since 2013.<\/p>\n

A decline in the value of the U.S. dollar has recently helped boost dollar-denominated prices of gold, but Handwerger pointed out that \u201cmany investors have been diverted away from mining into much more speculative areas like blockchain and cannabis.\u201d<\/p>\n

\u201cEven investment conferences and newsletter writers who were once gold bugs are now cryptocurrency gurus,\u201d and this is very similar to 1999 when gold bulls became dot-com gurus,\u201d he said. \u201cEventually, we will have another gold rush possibly even bigger than the late 70s but possibly more like the 30s.\u201d<\/p>\n

Given all that, he expects \u201ca lot of institutional capital to return and significant short covering that could cause the price to gap to $1,750.\u201d Gold futures haven’t settled above that level since 2012.<\/p>\n

And \u201cthe miners boom after gold makes a sustainable move,\u201d said Handwerger.<\/p>\n

Even at a $1,400 gold prices, he expects junior gold miners, which are exploration companies in search of new gold deposits, to soar. That \u201ccould set off a huge [merger and acquisition] push by the major [gold mining companies] to replace their reserves, which have been in decline,\u201d Handwerger said.<\/p>\n

Year to date, the exchange-traded VanEck Vectors Junior Gold Miners fund GDXJ, -0.09%<\/span><\/span> has climbed 1.3%.<\/p>\n

Handwerger believes investors should \u201cavoid the royalty companies in this part of the cycle\u201d\u2014those that help fund exploration and production projects\u2014and instead look at some of lowest-cost producers, especially in Nevada, like Barrick Gold Corp. ABX, +0.20%<\/span><\/span> Kinross Gold Corp. KGC, -1.18%<\/span><\/span> and Newmont Mining Corp. NEM, +0.07%<\/span><\/span><\/p>\n

He said he doesn’t personally own shares in the large producers, but does invest in the \u201cdevelopers and explorers with proven management teams and world class assets backed by top sponsors, preferably below the $50 million market cap, that may eventually get bought out by the majors.\u201d<\/p>\n

See the full article by Myra Saefong from Marketwatch by clicking here….<\/a><\/p>\n

https:\/\/www.marketwatch.com\/story\/gold-rally-brightens-the-outlook-for-mining-stocks-2018-01-19<\/a><\/p>\n

_______________________________________________________<\/p>\n

Sign up for my free newsletter by clicking here\u2026 <\/a><\/p>\n

Order premium service by clicking here\u2026<\/a><\/p>\n

Please see my disclaimer and full list of sponsor companies by clicking here\u2026<\/a><\/p>\n

To send feedback or to contact me click here<\/a>\u2026<\/p>\n

Follow me on Twitter\u2026<\/a><\/p>\n

Tell your friends! Please forward this article to a friend or share the link on Facebook, Twitter or Linkedin.<\/p>\n

For informational purposes only. This is not investment advice. May contain forward looking statements.<\/strong><\/p>\n

…read more<\/a> <\/p>\n

From:: GoldStockTrades.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cWe see a breakout at $1,400 in gold, which could mean new multiyear highs,\u201d said Jeb Handwerger, editor of GoldStockTrades.com, which offers a newsletter focusing on mining exploration companies. Gold futures haven’t topped $1,400 since 2013. A decline in the value of the U.S. dollar has recently helped boost dollar-denominated prices of gold, but Handwerger […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[361],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/679764"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=679764"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/679764\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=679764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=679764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=679764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}