How Will Gold Miners Fare In 2017?
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, starting 2017 with a look back at 2016 performance in the sector.
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, starting 2017 with a look back at 2016 performance in the sector. Daniela explains that last year gold miners, as measured by the NYE Arca Gold Miners Index, were up 55 percent, handily beating all other asset classes. So will we see a repeat in 2017?
Frank Holmes says we could. “I think if gold is up 8 percent again you’re going to see gold stocks perform spectacularly well,” he explains. Frank also says there are two driving factors for the yellow metal as we kick off 2017: Demand from the Chinese Lunar New Year and gold’s inverse relationship with 10- and 5-year Treasuries.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.
The Producer Price Index (PPI) measures prices received by producers at the first commercial sale. The index measures goods at three stages of production: finished, intermediate and crude.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
Latest ResourcesView All
November 28, 2022Learn More
November 25, 2022Learn More
November 18, 2022Learn More