Jul 25, 2019 Guest(s): Frank Holmes CEO, U.S. Global Investors
Gold's price rally has certainly helped mining companies perform well so far this year, but more importantly, the miners themselves have become better managed companies, said Frank Holmes, CEO of U.S. Global Investors.
"What's really important is that a lot of these companies have become more lean, they're more efficient, so that's a positive part to it," Holmes told Kitco News from the floor of the NYSE.
Holmes' comments come as VanEck Vectors Gold Miners ETF (GDX) climbed 34% year to date, while gold bullion climbed only 11% as of Wednesday's close.