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The gold market has actually been on an extraordinary run in the initial half of the year with costs pressing above $1,800 an ounce for the very first time given that 2011, but restored favorable belief has actually created a feeding frenzy in the mining area, according to one market expert.
In a meeting with Kitco News, Mickey Fulp, owner of the Newsletter Mercenary Geologist, stated gold rates are taking advantage of a weak U.S. dollar. However, he likewise noted that the younger mining room is starting to end up being overvalued as well as financiers need to be cautious when aiming to buy projects.
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Be careful of the feeding frenzy in the junior gold exploration space – Mickey Fulp
The gold market has been on an incredible run in the first half of the year with prices pushing above $1,800 an ounce for the first time since 2011, but renewed bullish sentiment has created a feeding frenzy in the mining space, according to one market analyst.
In an interview with Kitco News, Mickey Fulp, founder of the Newsletter Mercenary Geologist, said gold prices are benefiting from a weaker U.S. dollar. However, he also noted that that the junior mining space is starting to become overvalued and investors need to be careful when looking to invest in projects.
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