Can M&A Activity Continue In the Mining Sector?
Following positive second-quarter results in the mining sector along with soaring M&A activity, Kitco News’ Daniela Cambone asks Frank Holmes if he expects this trend to continue.
Following positive second-quarter results in the mining sector along with soaring M&A activity, Kitco News’ Daniela Cambone asks Frank Holmes if he expects this trend to continue. “The mid-cap stocks are going to get gobbled up by the big-cap stocks as long as they have production with a profile to expand,” Frank explains.
He believes this is where the opportunities lie because, as he says, peak gold appears to be set in motion and we’re going to witness supply restricting. What else does Frank have his eye on this week that could move the precious metal? Tune in below for the replay!
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The “core” PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy prices.
M2 Money Supply is a broad measure of money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds.
The Purchasing Managers’ Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.