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Inflation Expected to Rise with Higher Wages and Oil Prices

December 13, 2017

Frank Holmes joined CNBC Asia to discuss how rising oil prices and wages will lead to inflation increasing in early 2018. He further explains why he believes upcoming tax cuts will be beneficial for the economy as a whole. With a strong global purchasing manager’s index (PMI) as well, Frank says the global economy looks robust with gold prices on the rise.

To hear the full discussion, watch the replay here!

WATCH THE REPLAY HERE!

 

Want more market insights from Frank Holmes? Subscribe to his award-winning CEO blog Frank Talk by clicking here.

 

 

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.

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.

The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

 

 

 

Net Asset Value
as of 10/22/2018

Global Resources Fund PSPFX $5.03 No Change Gold and Precious Metals Fund USERX $6.87 -0.08 World Precious Minerals Fund UNWPX $3.50 -0.01 China Region Fund USCOX $8.21 0.13 Emerging Europe Fund EUROX $6.28 -0.04 All American Equity Fund GBTFX $25.24 -0.13 Holmes Macro Trends Fund MEGAX $18.00 -0.05 Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change