Conference Preview with Frank Holmes and Cambridge House
Vanessa Collette, host of Cambridge House Live, talks with Frank Holmes to get his thoughts on oil, gold and global indicators moving the markets as we approach the Vancouver Resource Investment Conference, January 18 -19, where Frank is set to present. He starts by discussing some of the positives coming out of the fall in oil prices, including roughly $1 billion a day being injected into the industrialized world, but notes that fracking will slow down and oil sands companies will need to redo their budgets.
Frank also discusses the importance and relevance of following the global manufacturing purchasing managers’ index (PMI) to see how the economies of the world could move looking forward. He says that PMI data is a forecasting tool that is highly related to the resources sector.
View the full interview here for more from Frank Holmes before his keynote presentations next week in Vancouver.
And to keep track of Frank’s upcoming travels, speaking events and thoughts on the market, sign up for his Frank Talk blog!
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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. The J.P. Morgan Global Purchasing Manager’s Index is an indicator of the economic health of the global manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
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