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Waiting for broader market buy-in - Mickey Fulp on high gold prices and junior resource stocks

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Waiting for broader market buy-in - Mickey Fulp on high gold prices and junior resource stocks MickeyFulp juniorresourcestocks VRIC

- While the year started with markedly higher gold prices, the resource sector is not seeing much benefit, according to Michael S. Fulp, the 'Mercenary Geologist.'

Gold prices pushed well above $1,900 at the start of 2023, and though the GDX did see a short-lived bump in January, it is now down 4% on the year. Despite better gold prices and gold miners widening their margins, Fulp said the broader market is not drawn to the precious metal space.

 

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