Mining stocks should be trading a lot higher, given that the companies are performing much better than they used to, said Rick Rule, CEO of Sprott U.S. Holdings.
Amir Adnani, Chairman of GoldMining Inc., noted that there is a disconnect between gold prices and gold stocks, citing interest in other base metals as a reason.
“If you look at gold stocks as a basket today, compared to gold stocks back in 2016, they’re probably 50% lower. The ratio of the gold index share price would suggest that we’re in a bear market, but we’re arguably $40 away from the magic $1,365 resistance level,” Adnani told Kitco News on the sidelines of the PDAC 2018.
- Source, Kitco News
