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Market Trends and Gold Movers

Mining Journal chief editor Richard Roberts welcomes Frank Holmes to a new weekly audio feature, exclusive to Mining Journal Americas, called Americas Mining Agenda. Frank starts the discussion by recapping some of his recent travels, including a trip to Argentina where he met with President Mauricio Macri. He reiterates that government policy is a precursor to change, not only in the U.S., but across the global marketplace. 

Richard asks Frank his thoughts on the commodities market and what could be next for gold. Frank explains that purchasing managers’ index (PMI) data has turned positive across the board, and that this is one indicator that keeps him bullish on commodities as well as the yellow metal. Tune in to the podcast below for the full conversation!

 

LISTEN TO THE INTERVIEW

 

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Past performance does not guarantee future results. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.

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.

Standard deviation, or sigma, is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.

The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.

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.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the interview were held by any accounts managed by U.S. Global Investors as of 12/31/2016.