Could Lumber Rally Be Good News For Gold? - CEO
Although gold has been getting a lot of investor attention, there is another commodity that is moving higher: lumber. And U.S. Global Investors CEO Frank Holmes tells Kitco News that rising lumber prices could be good news for gold. “Lumber prices are at their highest point since the U.S. housing crash,” he said in an interview Wednesday. “We are seeing record housing starts again, which is pushing lumber higher and also helpful for inflation,” he explained. Gold, often viewed as a good inflation hedge, would benefit in a rising inflation environment. June Comex gold continued its rally Wednesday, hitting a high of $1,285.70 an ounce in after-hours trading. (show less)
Although gold has been getting a lot of investor attention, there is another commodity that is moving higher: lumber. And U.S. Global Investors CEO Frank Holmes tells Kitco News that rising lumber prices could be good news for gold. “Lumber prices are at their highest point since the U.S. housing crash,” he said in an interview Wednesday. “We are seeing record housing starts again, which is pushing lumber higher and also helpful for inflation,” he explained. Gold, ... (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.
