Where Can Gold Go From Here?
Date Posted: November 7, 2014
Read time: 2 min
Frances Horodelski of Business News Network (BNN) welcomes Frank Holmes to answer the question on all gold investors’ minds: where can the precious metal go from here? Although it’s impossible to accurately predict future performance, Frank offers up some interesting insight about what we have witnessed with gold stocks over time.
He says that for 30 years gold stocks have only fallen three times, three years in a row. Even though it looks like gold could hit that fourth decline this year, the data is compelling and Frank remains positive on the metal. He explains that it comes back to the “DNA of volatility” of gold. This means that for gold, a bigger movement up or down is considered normal, but may not be for other asset classes.
Tune in to watch the entire interview, and see what gold companies Frank Holmes likes, particularly those he says have smart management.
Each Monday morning Frank Holmes joins the cast of Kitco News for a discussion on gold that you won’t want to miss. You can watch the latest episode of Gold Game Film here!
Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. 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 S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
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 09/30/2014: Barrick Gold Corp, Franco-Nevada Corp, Klondex Mines Ltd, Newmont Mining Corp, Randgold Resources Ltd.
