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Precious Metals Update: Gold, Silver and Palladium

Frank Holmes and Kitco News’ Daniela Cambone discuss the latest moves in the gold market on this episode of Gold Game Film, also focusing on the best and worst performing precious metals at last week’s close.

Frank says that silver, which finished up over 2 percent on Friday, is more volatile than gold. He explains that historically, a 1 percent move in a gold stock equals a 3 percent move in a silver stock. Palladium, on the other hand, finished lower last week. Along with platinum, palladium’s less-than-impressive performance is showing up in the car industry, which uses these metals in the construction of catalytic converters. Frank says both Toyota and Ford recently reported negative numbers.

So what about gold? Does it still have room to run? Tune in to this week’s episode to see what Frank has to say!

 

   Read Frank Holmes’ recent post on gold.

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