U.S. Global Investors [www.usfunds.com]

Where Does Gold Go From Here?

Daniela Cambone of Kitco News welcomes Frank Holmes for another edition of Gold Game Film, this time live from New York. She points out that gold is on track for its second week of gains, but wants to know if the momentum can continue. Frank says the big thing for investors to pay attention to is what interest rates are doing, since historically the price of gold is inversely related. The two also discuss the health care bill and other Trump policies, and what this could mean for gold. Frank comments that if President Trump meets stumbling blocks for some of the policies he’s trying to push through, then we could see the market sell off. This might also mean interest rates would decline, sending gold higher.

Watch the interview below for Frank’s full thoughts!


All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

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 12/31/16.

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.

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.

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.

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

Lipper Fund Awards are earned for a fund’s consistent performance over one or more time periods, based on Lipper’s Consistent Return score. Consistent Return is a quantitative metric that incorporates two characteristics: risk-adjusted return, and the strength of the fund's performance trend. The top-scoring Consistent Return fund within each classification receives the awards. Lipper's Performance Achievement Certificates are awarded to funds with returns that topped their Lipper category over one or more time periods. Lipper top rankings are achieved based on funds with returns that topped their Lipper category over one or more time periods. Past performance does not guarantee future results.