Wonder if we are going to see similar price action in a lot of the Yukon exploration plays in the coming week(s)?
Many companies have started drilling already or are in the final stages of defining drill targets. There must be money on the sidelines that will want to get into these Yukon plays prior to the start of drill results being released. There must also be a fair amount of money on the sidelines or folks away for holiday across Canada and the United States that is missing the recent upward move in the price of gold, silver, and TSX-V.
Many writers and analysts (James Turk, Ben Davies, Marc Faber, Jim Sinclair, etc.) seem rather bullish on the price outlook for both gold and silver between now and the end of the year. You also have folks coming out and saying that the mining stocks are undervalued at this point in time (John Doody, Brent Cook, etc.). I enjoyed seeing my portfolio finally up nicely on last week compared to the general stock markets.