Bad News Is Good News For Gold
Frank Holmes chatted with Kitco News' Daniela Cambone in New York about the biggest drivers of the gold market today.
Frank Holmes chatted with Kitco News’ Daniela Cambone in New York about the biggest drivers of the gold market today. Frank commented that “bad news is good news for gold,” citing negative bond yields, worsening PMI data globally and recently, negative mortgage rates in Denmark. On this backdrop, Frank doesn’t think that it’s crazy for the yellow metal to surge to $10,000 an ounce in the next few years, especially with the number of new discoveries shrinking.
In the interview Frank also discusses the latest updates with HIVE Blockchain Technologies, where he serves as the interim executive chairman. Watch the full Kitco News interview below!
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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 S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. 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.
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 accounts managed by U.S. Global Investors as of (09/30/2019): Franco-Nevada Corp.
Frank Holmes has been appointed chairman of the Board of Directors of GoldSpot Discoveries. U.S. Global Investors owns shares of GoldSpot. Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE. Effective 8/31/2018, Frank Holmes serves as the interim executive chairman of HIVE.