Global Indicators Pointing to Strength in Gold and Oil
Vanessa Collette of Cambridge House Live recently spoke with Frank Holmes at the Vancouver Natural Resources Conference to find out which global indicators he is paying attention to. Frank says he keeps an eye on the global manufacturing purchasing managers’ index (PMI) as a forward-looking measurement for how commodity stocks could perform in the following months. He says it’s also prudent to look backwards by focusing on industrial production, as this shows where money is actually being spent.
Watch the entire interview to see what Frank has to say about the seasonal trend for gold and why he sees value in junior oil stocks.
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The J.P. Morgan Global Purchasing Manager’s Index is an indicator of the economic health of the global manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The interview references the investment theory of an investment as insurance against a separate market event that could negatively affect performance of an investment. The reference does not guarantee performance or a safeguard from loss of principal by investing in that asset. None of U.S. Global Investors Funds held any of the securities mentioned in this interview as of 06/30/2014.