Gold’s fundamentals are still intact.
Monetary and interest rate policy are still very loose around the world.
Many gold analysts state that the bull market has not ended.
When gold stocks turn in a bull market, they typically move 150% to 300%.
These companies are seeking the discovery of new economical & mineable gold deposits.
These companies’ market capitalizations can double or quadruple in size after gold deposit discoveries and with the addition of ounces of gold (assets) placed on to their balance sheets.
Both Nexus Gold and Blue River Resources have made significant progress this year on their projects.
Shares in gold companies at times do increase after drill gold assays announcements.
Companies like these tend to become potential takeover targets for intermediate gold producers who may be looking to add gold ounces to their inventories.
It appears to be that the bull market for gold is intact, especially for gold miners.