In its most recent edition of The GOLD Report, Adrian Day Asset Management interviews Greg McCoach, an entrepreneur involved with the precious metals industry as a bullion dealer, investor and newsletter writer (Mining Speculator). Greg is also the President of AmeriGold, a gold bullion dealer. Here is a brief excerpt of the interview.

TGR: How does [recent market activity] bode for mining stocks?

MCCOACH: The junior mining stocks currently are in a real funk; I think we’re going to stay in that funk until we get past the capital gains taxpaying season, which for Canadians is April 30th, but here in the U.S., of course, it’s April 15th. So after that I think these precious metal prices are going to start pulling these junior mining stocks out of the trough and moving them much higher. There are three or four big hedge funds in New York that have gone long gold with all the majors, but have shorted all the juniors, and as these metal prices keep going higher, the juniors are going to want to move, and these guys are going to have to run to cover their short positions.

And that should really launch our junior market up to new highs for the HUI and XIU. So I'm very bullish on the metals - we will see what happens as we move forward, but it should be fun to watch.