Lately my greatest trepidation has been the scenario of an accelerating gold spot price and the associated increasing valuations of the intermediate / senior gold producers with little to no share price increase in the juniors.  I’ve felt for some time that the juniors would not catch a bid until after a spot price correction.

Therefore, I’m thrilled that this has finally occurred: here the market can work off a bit of steam.  Potential buyers will become convinced of the resiliance of the gold price increase since summer last if it holds at then advances above $900 to newer highs.