VIDEO — Frank Holmes: Gold Stocks are Where You Want to Be in 2019

Many market watchers are expectant to see what 2019 will bring for the junior mining sector and in particular for precious metals in a time of geopolitical uncertainty.

To get more insight on what’s ahead for gold, the Investing News Network, caught up with Frank Holmes, CEO and chief investment officer of US Global Investors (NASDAQ:GROW), at this year’s Vancouver Resource Investment Conference.

Holmes shared his thoughts on the main trends in 2018 and what factors investors should pay attention to this year that could impact the yellow metal.

“One of the biggest headwinds last year was a combination between rising interest rates and the trade war,” Holmes said. Currently, 40 percent of the world’s trade GDP is the US and China, “so them having a trade war is unsettling for the demand in commodities.”

Holmes also said gold prices could go as high as US$ 1,500 per ounce this year. But what about gold stocks? For the expert, gold stocks are where you want to be in 2019.

Speaking about the recent mergers in the gold space, Holmes said they are not good for the Canadian mining scene, but they are great for entrepreneurs.  

He also shared his thoughts on soon-to-be public GoldSpot, mid-tier producer Gran Colombia Gold (TSX:GCM) and recently launched jewelry investment company Mene (TSXV:MENE).

Aside from gold, Holmes is still focused on blockchain and shares some insight on the space and his company HIVE Blockchain Technologies (TSXV:HIVE).

Watch the video above to learn more about Holmes’ thoughts on the junior resource sector and his favorite companies. You can also click here to view our full VRIC 2019 playlist on YouTube.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

 

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