Will Gold Continue to Perform in 2017?
Paul Bagnell, host of Business News Network (BNN), welcomes Frank Holmes to the program to share his thoughts on how investors should position their gold holdings as we approach the inauguration of President-elect Donald Trump. Frank reminds investors that he has always advocated a 10-percent weighting in the metal, 5 percent in gold stocks and 5 percent in gold bullion, while rebalancing annually.
Frank also points out the spectacular performance seen from gold miners during 2016. In fact, gold stocks as measured by the NYSE Arca Gold Miners Index were up 55 percent in 2016. So how will gold fare in the New Year? Watch the full interview below to see what Frank thinks!
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Past performance does not guarantee future results. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
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Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more accounts managed by U.S. Global Investors as of 09/30/2016: Barrick Gold Corp, Torex Gold Resources Inc.
The NYSE Arca Gold Miners Index is a modified market capitalization weighted index comprised of publicly traded companies involved primarily in the mining for gold and silver.
Cash Flow is a measure of the amount of cash generated by a company’s normal business operations. Free Cash Flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base. Cash return on invested capital (CROIC) is an advanced valuation multiple. This ratio compares a post-tax, pre-interest operating cash flow to gross cash invested by all security-holders and is a useful measure of a company’s ability to generate cash returns on its investments.
Revenue per Share is the amount of a company’s revenue divided by the number of common shares outstanding. Smart beta refers to investment strategies that emphasize the use of alternative weighting schemes to traditional market capitalization based indices.
The Russell 2000 Index is a U.S. equity index measuring the performance of the 2,000 smallest companies in the Russell 3000. The Russell 3000 Index consists of the 3,000 largest U.S. companies as determined by total market capitalization.