Gold’s Touchdown Pass: Jobs, Jobs, Jobs! - Holmes
As markets gear up for September, Frank Holmes joins Kitco News to talk about gold, which he thinks may see a boost next month. “Historically, when football season starts in September, gold is up,” he tells Daniela Cambone. He adds that opportunities may present themselves in the gold space, just like he thinks they are in the mining sector. Commenting on the announcement of billionaire investor Carl Icahn’s 8.5% stake in mining giant Freeport-McMoRan, Holmes says more ‘activist investing’ may take place in the sector. “I think it’s very significant when you look at the sheer size and change in that [Freeport] stock price from its lows,” he notes. Freeport’s stock price jumped 6.4% last Thursday when news broke of Icahn's acquisition of 88 million shares in just over a month. Looking ahead, Holmes says gold production may peak over the next five years, which may be constructive for gold prices moving forward. He also notes that Friday’s nonfarm payrolls report will be on his radar this week. Kitco News, August 31, 2015. (show less)
As markets gear up for September, Frank Holmes joins Kitco News to talk about gold, which he thinks may see a boost next month. “Historically, when football season starts in September, gold is up,” he tells Daniela Cambone. He adds that opportunities may present themselves in the gold space, just like he thinks they are in the mining sector. Commenting on the announcement of billionaire investor Carl Icahn’s 8.5% stake in mining giant Freeport-McMoRan, Holmes says ... (read more)
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.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
