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

Kitco News’ David Lin spoke with Frank Holmes about his thoughts on the stock market selloff the week ended June 15. Did the market drop have more to do with the Federal Reserve saying interest rates will stay lower for longer, or news that COVID-19 cases are rising in the U.S.? Frank says it could be some of both, but the bigger driver is fear. Investors have once again become fearful that the spread of COVID-19 will inflict even more damage to the economy. Frank points out that stock market volatility is here to stay for now and investors need to be aware of possible swings up and down.

Frank ends the segment with his bullish bet that gold can help investors hedge against equity losses: “Be gold and make sure you have your gold.”

For the full story watch the Kitco News interview below.

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

The standard deviation, or sigma, is a statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance. Mean reversion is a theory used in finance that suggests that asset prices and historical returns eventually will revert to the long-run mean or average level of the entire dataset.