Mining stocks resemble ‘a big Walmart sale’ as low commodity prices persist
Sentiment remains negative about the mining and oil and gas industries as the supercycle nears a protracted potential bottom, resulting in dwindling market capitalisations for companies large and small and cruelly undervalued stock prices – creating a buyer’s market for the savvy investor. CEO and chief investment officer at US Global Investors Frank Holmes, who specialises in natural resources and emerging markets investing, notes that the mining industry is on sale at the moment.