Stock price when the opinion was issued
Junior gold miners. It is not linked to gold. They go up and down relative to the price of gold, but many don’t have production. He thinks gold is going to break out and will pop to $1350. It should retest last year’s highs. Junior gold stocks should test highs also. He does not like the speculative names.
Similar to GDX-N, is the Junior gold index in Canada. He does not think gold will take off in a big way until we have inflation.