Why Can’t Gold Go to $10,000?
At the BMO Capital Markets Global Metals & Mining Conference in Miami, Frank Holmes spoke with Kitco News about his outlook for commodities and gold.
At the BMO Capital Markets Global Metals & Mining Conference in Miami, Frank Holmes spoke with Kitco News about his outlook for commodities and gold. Frank commented that he was impressed by presentations by Barrick Gold and Wheaton Precious Metals, which are reducing debt and paying high dividends. A big theme at the conference was peak gold, which Frank believes will lead to more M&A in the sector as companies work to replenish reserves. Lastly, Frank discusses the monster precious metals rally of rhodium, palladium and gold. “Rhodium goes from $1,700 to $13,000. Why can’t gold go to $10,000?”
For the full story watch the Kitco News interview below.
Want the latest updates from Frank Holmes? Subscribe to his award-winning CEO blog Frank Talk 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.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (12/31/2019): Wheaton Precious Metals Corp, Newmont Corp, Gran Colombia Gold Corp, Lumina Gold Corp, Lundin Mining Corp.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. The Dow Jones Industrial Average is a price-weighted average of 30 blue chip stocks that are generally leaders in their industry.
Free cash flow represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. There is no guarantee that the issuers of any securities will declare dividends in the future or that, if declared, will remain at current levels or increase over time.
Latest ResourcesView All
December 4, 2023Learn More
November 28, 2023Learn More