Precious metals have not corrected enough

Vancouver-based company contradicts earlier Bloomberg report saying it is in talks with Chile's Antofagasta about combining copper assets.

The B.C. government has approved Pretium’s $450-million Brucejack gold mine, the first mine approved since the collapse of the Mount Polley mine tailings dam last year. Read more...

Rally above $1,200 prove short lived with gold trading down 1.5% as save-haven buying dries up and investors move back into stocks, bonds and the dollar.

Jeb has come on Palisade Radio since its inception days, and has been a continuous firm believer in a strong precious metals rebound.

CEO Mark Bristow said the current squeeze on the gold sector has created growth opportunities.

"The biggest mistake I see in the junior sector, is that the guys who are exploring…are just treasure hunting—a bunch of scientists out there on a treasure hunt, drilling holes, [just] to see what’s down there.”

Though the Fed would deny it, it is clear from the minutes of the last Federal Open Market Committee (FOMC) meeting that a rise in interest rates has been put off indefinitely.

Copper down nearly 2% as torrential downpour that shut many of the country's biggest mines is not expected to impact oversupplied market.

Looking for an exit or a lifeline? Look further says $8 billion fund manager.