(Kitco News) - Earnings by the gold miners won't be a blow out but they will be really sweet, said Byron King, geologist and writer at Paradigm Group.
On Tuesday King spoke to Kitco Mining.
When King was interviewed, gold prices were up about 20% year to date, while the miners, as measured by the GDX, were up 25%. Miners are expected to out-perform the metal by a lot but so far have been stagnant. King said the gold miners should shine in Q2 when they report earnings.
"I think we're going to see some really sweet—perhaps not a blowout—earnings," said King. "That will be a wakeup call to Wall Street.
King described Wall Street as being "disdainful" of the metal.
"Wall Street is very, very underinvested in mines and minerals. If just a little bit of the froth on the technology side drifted over into the mines and minerals, we would see an explosion upward."
King also talked about a potential Trump win and what could be expected to change for metals and miners.
