Are Miners Missing Out on Gold's Recent Rally? - Frank Holmes

Despite a drop in late trading, gold prices managed to rally to seven-month highs Wednesday, trading near that key $1,300 level. The mining stocks, on the other hand, seem to be lagging a little behind. However, fund manager and U.S. global investors CEO Frank Holmes says he isn't concerned, calling some gold stocks ‘great buys’ at the moment. ‘It is so easy for gold to hit $1,300 because the 2-year, 5-year and 10-year government bonds all have negative real interest rates,’ he told Kitco News. Gold saw a late afternoon dip with August futures last at $1,287 an ounce, down $10.50 on the day. (show less)

Despite a drop in late trading, gold prices managed to rally to seven-month highs Wednesday, trading near that key $1,300 level. The mining stocks, on the other hand, seem to be lagging a little behind. However, fund manager and U.S. global investors CEO Frank Holmes says he isn't concerned, calling some gold stocks ‘great buys’ at the moment. ‘It is so easy for gold to hit $1,300 because the 2-year, 5-year and 10-year government bonds all have negative real ... (read more)

 
 
Gold Game Film

Gold Game Film
Gold Game Film features the founder of US Global Investors, Frank Holmes as he highlights play-by-play action in the gold market. Melding sports and precious metals, Holmes comments on gold’s touchdown pass of the week. Holmes also reflects on the opportunities and threats he sees for the gold market. Tune in every week to hear from our Monday Morning Quarterback, Frank Holmes.

 

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