Nunavut says there is huge gold mine in its backyard

Bullion hit an all-time high of $2,483.73 an ounce on Wednesday.

Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule. 

The decision will hit artisanal miners of metals such as gold and tin hard, as they are the region's dominant producers.

The gold miners’ stocks have blasted higher to a powerful upside breakout this month.