
What Lumber Could Mean For Gold
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, this time focusing on a different commodity gaining investor attention currently – lumber.
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, this time focusing on a different commodity gaining investor attention currently – lumber. According to Frank, lumber prices are at their highest point since the U.S. housing crash, which could have implications for the gold price. Frank explains that higher lumber prices are a precursor to inflation, which directly influences the way gold moves.
Daniela also chats with Frank about a recently launched lawsuit by Gran Colombia against the Colombian government. Want the full story? Tune in to the replay below!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more accounts managed by U.S. Global Investors as of 03/31/2017: Gran Colombia Gold Corp.
Cash Flow Return on Invested Capital (CFROIC) is defined as consolidated cash flow from operating activities minus capital expenditures, the difference of which is divided by the difference between total assets and non-interest bearing current liabilities.
The Purchasing Manager’s 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.