Byron King is a Senior Geologist at Rickards’ Gold Speculator. He is a Harvard-trained geologist who has traveled to every U.S. state and territory and six of the seven continents. He has been interviewed by dozens of major print and broadcast media outlets including The Financial Times, The Guardian, The Washington Post, MSN Money, MarketWatch, Fox Business News, and PBS Newshour.
By Byron King
Posted August 9, 2016
Right now, many large cap gold miners are following suit of iron companies and cutting costs to maximize the bottom line of their financial statements. It is expected these companies will outperform and beat expectations on profitability. However, the corresponding reality is that the M&A sphere might be boring for a while longer, until a bull market is firmly established. Hold on to your junior mining shares to see big gains down the road.