All Eyes on Silver and Gold

Author: USGI
Date Posted: May 4, 2016 Read time: 2 min

Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program to comment on the recent rally in gold and silver.

Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program to comment on the recent rally in gold and silver. Frank explains that negative real interest rates are one of the key drivers of the rally, and says that gold in particular seems to be holding on longer than normal. “When we look at the amplitude, the breadth and the duration of the current rally, the gold prices held in after the normal seasonal high, February, March,” he says.

Tune in to the replay of Frank’s interview, or read the transcript, to hear his comments on the mining sector, royalty companies and global demand drivers.

 

Listen to the Interview

 

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A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).

The NYSE Arca Gold BUGS (Basket of Unhedged Gold Stocks) Index (HUI) is a modified equal dollar weighted index of companies involved in gold mining. The HUI Index was designed to provide significant exposure to near term movements in gold prices by including companies that do not hedge their gold production beyond 1.5 years.

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 accounts managed by U.S. Global Investors as of 03/31/2016: Barrick Gold Corp, Franco-Nevada Corp, Silver Wheaton Corp, Klondex Mines Ltd..