As the S&P Soars, What Could Gold Do?
On Monday morning investors saw the S&P 500 Index hit a historic milestone and Kitco News’ Alex Letourneau starts this week’s Gold Game Film by asking Frank Holmes his thoughts on the movement. Frank says the all-time highs in the index could be why we’re seeing record stock buybacks as well as equities on the rise.
Tune in to the entire interview to see what Frank thinks of China allowing three more banks to import gold, as well as how Shanghai’s plan to implement a gold free-trade zone could affect demand of the precious metal.
For more on what’s driving gold, check out this interactive to learn why the critical drivers are all pointing in the same direction.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 06/30/2014: Apple Inc.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.