CNBC Asks Frank: Why Isn’t Gold Rallying on Cyprus Deal?
Amanda Drury, co-anchor of CNBC’s Street Signs, asks Frank what he believes is the fair value of gold today. She also plays devil’s advocate, wondering why gold didn’t rally following the news of Cyprus’ confiscation of depositors’ assets. Find out what Frank has to say in the short clip now.
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M2 Money Supply is a broad measure of money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds. Diversification does not protect an investor from market risks and does not assure a profit. Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility. The following security mentioned was held by one or more of U.S. Global Investors Funds as of 12/31/12: SPDR Gold Trust ETF.
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