It's only a matter of time before junior miners' performance catches up to precious metals, as mining stocks tend to lag a consolidating price rally, said Jonathan Guy, Director of Mining Research at Numis Securities.
"It all takes time. The gold price is the thing that moves first, but people want to see that the move is real before they commit new money to the sector, and I think there's probably a three or four lag between the gold price moving and investors wanting to put new money into the specialist funds," Guy told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.