Day at the Denver Gold Forum – How to invest in junior golds – by Lawrence Williams ( – September 21, 2015)

This year’s Denver Gold Forum got off to a good start Sunday afternoon/evening with early registration, a well provisioned opening reception and an opening keynote address. The reception featured also seventeen junior gold, silver and pgm miners/developers which attracted decent attention from the assembled throng.

The opening keynote was from Adrian Day of the eponymously named asset management company. Day was giving attendees his expert advice on investment in gold mining companies – a sector which has been on the decline for the past four years since gold came off its September 2011 brief peak, but which could well be offering tremendous upside should gold be on the recovery trail once more.

The past three years in particular have seen numerous occasions when investment advisers have been calling a bottom to gold’s decline, only for the price stutter and fall further. Could this be the time to climb in and make mega profits assuming one picks the right stocks. The optimistic investor may well feel it to be so – and it is perhaps fair to say the lower the gold price falls the less the potential downside, but it still remains a potentially very volatile market.

Definitely not one for widows and orphans. Some will feel that the best time to re-enter it is just when all the mainstream analysts are calling for ever lower prices – as happened when gold fell to its recent low point of around $1,080. It’s always the successful contrarian investor who makes the maximum gains when a depressed market recovers.

It’s probably fair to say that the mood amongst attendees spoken to at the opening reception was more upbeat than four years of almost consistently falling precious metals prices should sensibly suggest. The view amongst those optimists still remaining in the sector – and perhaps one needs to be an optimist to have stuck with it, or even be involved in precious metals mining and investment at all – is that recent price movements, and a demand picture which appears to be rather stronger than mainstream analysts would credit, may at last be supporting a change in sentiment.

If this is indeed the case it could at least begin to arrest the drastic falls seen in gold and other precious metals prices seen of late. Even some of the bank analysts so adamant that gold would fall to $1,000 or less only a few weeks ago are beginning to see light at the end of the tunnel. But then perhaps for the contrarian that’s a negative sign!

For the rest of this column, click here: