Can Gold Seize the Day?
Daniela Cambone of Kitco News talks with Frank Holmes to see if gold can seize the day in reaction to several economic news items taking place around the globe. In regards to the recently failed stress tests from several of Europe’s central banks, Frank says he is happy that his portfolio team was able to dodge those bullets.
He also reminds investors that the Federal Reserve meeting taking place this week will indicate how gold prices move, particularly due to the precious metal’s relationship with real interest rates. Will rates stay negative or turn positive?
Check out the replay to hear Frank explain more about this week’s touchdown pass.
If you couldn’t make it to New Orleans last week to hear Frank Holmes speak, you can download his presentation here: The Optimistic Investor in a Pessimistic World.
Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
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. M3 money supply is the broadest monetary aggregate, including physical currency, demand accounts, savings and money market accounts, certificates of deposit, deposits of eurodollars and repurchase agreements.
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