Frank Holmes says gold "gets too much attention" and notes it performed "in the bottom half" of all commodities last year, when it rose 30% but still badly trailed other metals such as silver and palladium. "The love trade is taking off in emerging countries, particularly China and India, where gold is giving for weddings, for birthdays [and] for any type of religious holiday," Holmes says. "Many people buy gold out of fear but the most important buyers of gold in the world today are buying gold for love."
Tuesday, January 11, 2011
Australian Flooding Disrupts Coal Shipments
The devasting Australian floods have disrupted Queensland mining production and shipments. It is expected to take up to a month to restore normal operations.
James West - Gold at $1500/oz by the end of March
James West - CNBC Interview - Fast Money
CNBC's Melissa Lee and the Fast Money traders discuss gold stocks with James West of the Midas Letter and what they'll be watching tomorrow in gold.
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