SPDR Gold Trust (GLD)

[NYBob]

Kevin O’Leary Is Wrong; Gold Miners Will Outperform – Frank Holmes
Apr 11, 2018


http://www.kitco.com/news/video/show/Three-Sharks-In-a-Castle/1931/2018-04-11/Kevin-OLeary-Is-Wrong-Gold-Miners-Will-Outperform--Frank-Holmes#_48_INSTANCE_puYLh9Vd66QY_=http%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DThree-Sharks-In-a-Castle


Guest(s): Frank Holmes CEO, U.S. Global Investors
Contrary to Shark Tank star Kevin O’Leary, Frank Holmes, CEO of U.S.
Global Investors, sees gold mining stocks outperforming the physical
bullion.
“Our smart Beta GOAU [exchange-traded fund] is really a classic of
showing you you have to get rid of those companies that are not
creating value per share,” Holmes said.
“The royalty companies have done well and those stocks that basically
show better revenue per share, reserves per share, production per
share, they far outperform.”
On gold prices, Holmes said that there are several fundamental factors
behind the recent rally in the yellow metal and has little to do with
President Donald Trump’s tweets on Wednesday about the possible
military strikes in Syria.
The CEO of U.S. Global Investors maintains his long-term $1,500 an
ounce gold call.

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