China’s Role in the Gold Market
Alex Letourneau of Kitco News welcomes back Frank Holmes to the program to tell investors what’s been happening in the gold market. One notable point for the precious metal deals with the country that Frank calls the “800-pound gorilla” — China. He says that when it comes to gold demand picking up steam in China this month, it all goes back to the country’s currency. Frank believes that the Chinese have a long-term strategy to build a critical base to support their currency, one that will enable them to buy gold cheaper and cheaper.
Catch the replay to see what opportunities and threats Frank sees for gold moving into 2015, and also for this week’s touchdown pass.
If you like Frank’s SWOT analysis of the gold market each Monday, be sure to sign up for the Investor Alert newsletter where you will find a similar format for all of the major areas of the market!
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 Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns. The Producer Price Index (PPI) measures prices received by producers at the first commercial sale. The index measures goods at three stages of production: finished, intermediate and crude.