A decade long exit from the gold sector - Pretium founder Robert Quartermain explains why gold equities haven’t caught fireKitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity.
Gold has hit several all-time highs, but the gold miners are not seeing the full benefit yet. The VanEck Gold Miners ETF is only up 10% year-to-date and still well under highs hit earlier this decade." of the miners think the gold price is still going much higher," said Quartermain."What we need to see is a better connection between where the gold price is and what we're seeing in the equities.
"Over the last decade we've seen a lot of movement of money out of the gold space," said Quartermain."Over a decade ago when we were building the Brucejack Mine, many portfolio managers with a lot of gold assets under management left or those funds were depletedQuartermain's new venture is Dakota Gold , a gold exploration and development company focused on advancing the Homestake District in South Dakota. Dakota Gold’s properties cover over 48 thousand acres.
is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out:The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc.
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