Jeb discusses the ongoing political uncertainty and tensions in the Middle-East which could bring risk to the price of oil. He expresses concerns about the potential for war and the possibility that peak oil in that region may not be far off. While the stock markets have been doing well, the overall world economy has been underperforming.
We haven’t seen the rush into the gold sector yet due to ongoing uncertainty in the global markets. Gold is now consolidating, and Jeb feels that investors will first buy into bullion and then the big miners. Eventually, investors will recognize the potential that lies with some of the surviving juniors.