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Precious Metals
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VIDEO - FranK Holmes likes Canadian Gold producersVideo interview http://www.pennyminingstocks.com/frank-holmes-likes-canadian-gold-producers/ Frank Holmes of US Global Investors made a short appearance on BNN this morning discussing gold and commodities with a focus on China.
Mr. Holmes mentioned how the weak Canadian dollar is giving Canadian gold producers a huge advantage.
The current Canadian gold price is $1666 per ounce and is up 7.13% in the last year.
Canadian gold producer Lake Shore Gold this week received a takeover bid from Tahoe Resources.
Other Canadian gold producers that could be takeover candidates include Detour Gold,Kirkland Lake Gold, and Claude Resources.
Regarding commodities Mr. Holmes states that “China is the 800lb gorilla in the commodities market” and investors should follow the PMI (Purchasing Manufactures Index). |
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