Strong Stock Market Good for Gold Mining Companies
Daniela Cambone, host of Kitco News, welcomes Frank Holmes back to the program to chat on a day when the S&P 500 touches new record highs while gold moves lower.
Daniela Cambone, host of Kitco News, welcomes Frank Holmes back to the program to chat on a day when the S&P 500 touches new record highs while gold moves lower. Frank says there is no reason for gold investors to worry. He explains that although gold bullion may be moving a bit lower, gold stocks are on a tear and are acting this way due to the strong stock market.
Looking back, a similar situation happened from 2001 to 2008 – the markets were strong and gold stocks outperformed bullion, Frank says. Then, during 2008 and 2009, the reverse happened and gold bullion outperformed gold stocks. So where could the metal head next? Watch the full interview below!
Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. 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.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
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.
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