No euphoria yet – Denver Gold Group’s Tim Wood on why the miners hold back while gold surges
Despite gold’s record highs, the miners aren’t celebrating yet, said Tim Wood, executive director of the Denver Gold Group. Last week Wood spoke to Kitco Mining at the Gold Forum Americas/XPL-DEV 2024 in Colorado. Despite gold hitting several all-time highs in 2024, Wood noted that the miners are still wary. While gold prices have surged to $2,600 per ounce, the enthusiasm seen in previous cycles has yet to materialize, with skepticism still prevalent among investors…
