While comparing gold and bitcoin givessome idea of the patterns in the market, can the slide of junior miners bepredicted by the same method?
Those of you who have been following myanalyses for a while may be expecting me to write that it is based on the stockmarket's rally and thus only temporary, as miners will follow gold soonerrather than later. That’s their ultimate source of revenue (current orexpected). While that’s true, right now there is another huge factor that’slikely contributing to the situation.
It's most likely the unfoldingcrypto-drama.
Remember when I previously commented onthe link between juniors and cryptocurrencies? What I wrote back then wasparticularly important with regard to the less known (obscure?) ones with ashady background. In fact, some even call them “shitcoins.”
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Przemyslaw Radomski, CFA
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