Peter Grandich: Gold Miners Set to Print Cash as Price Hits New Highs

‘I don’t fully expect the general financial community ever to return to (gold),’ he said.

‘What I do expect is that the gold-mining companies now are basically going to print cash — their free cashflow is just going to be records after records.’

But what about gold juniors? When will they follow the large miners higher?

‘Everything else has clicked now for them, and the one thing that’s stopping it is the logjam — when the majors finally not only just merge with themselves, but really go into the junior market with action,’ Grandich said. ‘That’ll be when we’ll see the market take off.’

Watch the interview above for more from Grandich on gold and junior miners, as well as copper.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.