Bob Hoye answers the listener's Q&A with commentary on the gold market. Bob worked in the Junior Mining field and now is a financial historian and author/founder of chartsandmarkets.com.
- Bob notes that the anticipated rate cuts by the Fed may not boost US stock bourses.
- Gold mining costs may be declining relative to the bullion price, improving earnings per share (EPS).
"You take gold and divide it by crude oil and the price of crude really has been weaker relative to gold than the CRB. So, the market forces are looking after the gold producers now in keeping their costs from seriously advancing against the bullion price and this has always, of course, been the feature of any post-bubble contraction or depression is that the cost of everything falls relative to gold and then you got problems in the base metal industry. So, base metal mines are shutting down. They're laying off miners."
- Listener's Q&A! David, Ted, etc...
- Is a nascent bull market in gold and silver shares, imminent?
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About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
