Many Signs Point to a Gold Price Bottom
In this video, Joanna Sawicka, emerging Europe research analyst, explains how Russia could benefit from rising oil prices.
In a recent Barron’s article, Frank Holmes weighs in along with other industry experts on signs that gold has finally bottomed after suffering six straight months of losses this year. Frank believes that the gold price could be set for a reversal due to increased M&A activity, such as mining giants Barrick Gold and Randgold Resources announcing an $18 billion merger. Frank adds that “gold mining stocks are the cheapest they’ve been in more than 20 years relative to the S&P 500,” which could offer investors a once-in-a-generation buying opportunity.
Read the full story by clicking here!
Want more insights on the gold market? Subscribe to the award-winning Investor Alert newsletter for weekly commentaries by clicking here.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the article were held by any accounts managed by U.S. Global Investors as of 6/30/2018.
Latest ResourcesView All
November 25, 2022Learn More
November 18, 2022Learn More
November 14, 2022Learn More
November 11, 2022Learn More