Full Article: PDAC Attendees Much More Cautious This Year
By: Peter Erfle
Earlier this week, I attended the annual Prospectors & Developers Association of Canada (PDAC) conference in Toronto. It is the premier destination for mining companies to mingle with suppliers, customers, potential investors, consultants, and analysts. Not only is this a must-attend event for professional mining investors such as myself, PDAC can also be a very good gauge of sentiment in the gold space. After speaking with many of the best minds in the sector, I can usually paint a much clearer picture about how to craft my investment strategy into Q3.
During last year’s event, I witnessed a very jovial crowd which was very eager to put more money to work in the sector. However, the event this year had a cloud of confusion hanging over the Metro Toronto Convention Centre as the miners continue to underperform with gold firmly above $1300. While speaking with many of my acquaintances in the mining space, the enthusiasm of last year had been replaced with a feeling of being hesitant to commit more capital until they see some clarity in the sector.
Full Article: PDAC Attendees Much More Cautious This Year
By: Peter Erfle
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