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.
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