Commodities Today: Who’s in the Driver’s Seat?

Author: USGI
Date Posted: July 23, 2015 Read time: 2 min

While in San Francisco attending the MoneyShow, Frank Holmes speaks with MarketWatch about the depressed commodities market and what seems to be driving it.

While in San Francisco attending the MoneyShow, Frank Holmes speaks with MarketWatch about the depressed commodities market and what seems to be driving it.

Among the economic indicators investors should be taking into account, Frank says, is the purchasing manager’s index (PMI), a forward-looking indicator of manufacturing activity. When considering PMI on a global scale, special attention should be paid to China, the “800-pound gorilla,” as Frank calls it. If China were to get its manufacturing sector into expansion mode, commodities prices might benefit.

Read the entire interview to discover Frank’s other commodities investment hints.

 

Read the Interview

 

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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.

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.

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