Perhaps not a blowout but really sweet - Byron King on upcoming earnings from the gold miners

Kitco Mining
Kitco Mining
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Publicado 2024-07-18
Earnings by the gold miners won't be a blow out but they will be really sweet, said Byron King, geologist and writer at Paradigm Group.

On Tuesday King spoke to Kitco Mining.

When King was interviewed, gold prices were up about 20% year to date, while the miners, as measured by the GDX, were up 25%. Miners are expected to out-perform the metal by a lot but so far have been stagnant. King said the gold miners should shine in Q2 when they report earnings.

"I think we're going to see some really sweet—perhaps not a blowout—earnings," said King. "That will be a wakeup call to Wall Street.

King described Wall Street as being "disdainful" of the metal.

"Wall Street is very, very underinvested in mines and minerals. If just a little bit of the froth on the technology side drifted over into the mines and minerals, we would see an explosion upward."

King also talked about a potential Trump win and what could be expected to change for metals and miners.


0:00 - Resource sector and Trump presidency
2:16 - Do critical minerals looks less appealing if Trump is president?
4:55 - Trump policies could be inflationary
7:18 - Why gold equities under-performing metal price
11:08 - Bull case for copper
15:12 - Most unloved part of the resource sector

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Todos los comentarios (3)
  • @esioanniannaho5939
    When do Fund Managers rebalance their portfolios will it be pre or post August and follow Sam Duncan Miller pivot from Tech into Newmont etc H1 earnings for miners will be released from the 25th of July to wk 2 of August !