From Mineweb:

... The amount of money poured into Vancouver-based Exeter Resource is a clear indication that multi-billion dollar hedge funds are beginning to diversify into gold exploration companies... - at least the ones that have especially large in-development gold assets.

This is because these gold stocks are increasingly assuming a newly found collective role as a powerful inverse proxy to the weakening US dollar.

In this regard, they are proving as attractive as gold bullion itself. And though they are far riskier investments when compared to owning physical gold, they have been offering much greater returns as of the past few months.

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