Prepare for the Pivot Point in the Gold Exploration Cycle: Quinton Hennigh

Very insightful; mainly addresses the conundrum of why gold mining investment doesn't seem to take off while the gold price itself is rising; but near or even after the end of this process -- ``Vibrant periods in the gold world appear to commence around peak gold prices and persist as gold slides downhill. Answers to this conundrum can actually be seen in the world around us right now. The gold mining world is presently experiencing ever increasing capital costs, unpredictable and almost universally high cost of production, and other uncertainties, such as increasing taxes and royalties in countries eager to take advantage of the rising gold price. It is not a comfortable time to invest in this sector.''