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Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

Electric Car Demand Set to Drive Copper Sky High

January 31, 2018

Copper was one of the best-performing commodities in 2017, skyrocketing more than 30 percent. Frank Holmes shares his insight on growing copper demand due to a massive push for electric vehicles and clean energy in Asian markets, specifically China. With rising global GDP and positive purchasing manager’s index (PMI) data, Frank believes electric vehicle demand will continue surging and investors might see another phenomenal year for the red metal.

During a recent visit to the U.S. Global offices, Chairman and Founder of Ivanhoe Mines Robert Friedland told Frank and the team, “You’re going to need a telescope to see copper prices in 2021!”

For Frank’s full explanation, watch the video below!

For more on the growing demand for copper, read one of Frank’s latest blog posts: You’ll Want to Read This Living Legend’s Thoughts on Copper.  

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

 

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

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.

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports fewer imports that occur within a defined territory.

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 article were held by one or more of U.S. Global Investors Funds as of 12/31/2017: Ivanhoe Mines Ltd.

 

Net Asset Value
as of 02/16/2018

Global Resources Fund PSPFX $6.16 -0.04 Gold and Precious Metals Fund USERX $7.13 -0.11 World Precious Minerals Fund UNWPX $4.36 -0.04 China Region Fund USCOX $11.87 No Change Emerging Europe Fund EUROX $7.78 -0.06 All American Equity Fund GBTFX $25.42 0.04 Holmes Macro Trends Fund MEGAX $19.78 -0.11 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $1.99 No Change