Gold has rallied 12% since last August, but it’s still a buy. So are gold mining stocks. The metal and mining companies look like a good hedge against possible global turbulence, stagflation or recession ahead. Gold is a play on possible dollar weakness, too.
“I remain very positive and constructive on gold,” says Frank Holmes, the CEO and chief investment officer at U.S. Global Investors GROW, +1.03% which offers several precious-metals funds, including the Gold and Precious Metals Fund USERX, -0.79%
Capital Drilling (LON:CAPD) provides specialised drilling services to mineral exploration and mining companies in emerging and developing markets, for exploration, development and production stage projects. The Company currently owns and operates a fleet of 91 drilling rigs with established operations in Botswana, Côte d’Ivoire, Egypt, Ghana, Kenya, Mali, Mauritania and Tanzania. The Group’s corporate headquarters are in Mauritius.