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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 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.
