Global commodities strategist Don Coxe declares now "is the best climate I have ever seen for an increase in gold prices."
During an address to Denver Gold Forum conference, Coxe urged fund managers, mining analysts, and mining executives to prepare for significantly higher gold prices and higher gold mining stock valuations.
He believes a "lustrous" rally in gold mining stocks will happen before a year passes. "The opportunities ahead are the best I've seen," Coxe declared.
Although Coxe admitted the stock market could be better for junior mining and exploration companies, he feels a new gold rush is ahead for investment in gold mining stocks.
While capital cost over-runs and project financing concerns are, at times, making things difficult for mining companies in their relationships with investors, Coxe suggested the mining industry is regrouping and rebuilding and will be prepared to capitalize on higher gold prices.