The gold market has been on an incredible run in the first half of the year with prices pushing above $1,800 an ounce for the first time since 2011, but renewed bullish sentiment has created a feeding frenzy in the mining space, according to one market analyst.
In an interview with Kitco News, Mickey Fulp, founder of the Newsletter Mercenary Geologist, said gold prices are benefiting from a weaker U.S. dollar. However, he also noted that that the junior mining space is starting to become overvalued and investors need to be careful when looking to invest in projects.
Michael S. "Mickey" Fulp is a Certified Professional Geologist with over 29 years experience as an exploration geologist searching for economic deposits of base and precious metals, industrial minerals, coal, uranium, and water in North and South America and China. Mickey has worked for junior explorers, major mining companies, private companies, and investors as a consulting economic geologist for the past 20 years, specializing in geological mapping and property evaluation. Mickey is respected throughout the mining and exploration community due to his ongoing work as an analyst for public and private companies, investment funds, newsletter and website writers, private investors, and investment brokers.