Fox Business Asks Frank Holmes Why He is Bullish on Gold
Nicole Petallides of Fox Business welcomes Frank Holmes to discuss where gold may be headed after being down nearly 20 percent this year. Frank says that anytime gold has had a correction of 15 percent, there has usually been a big rally. The Love Trade out of China and India is a prevalent indicator for the movement of the metal, and he adds that a 10 percent weighting in gold could be a smart choice for investors when it comes to allocation.
Watch the interview now to see the number Frank foresees gold reaching in coming months—a bullish, optimistic outlook for this commodity.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the links above, you will be directed to third-party websites. U.S. Global Investors does not endorse all information supplied by these websites and is not responsible for their content. The following securities mentioned were held by one or more of U.S. Global Investors Funds as of 06/30/13: Barrick Gold Corp, Eldorado Gold Corp Ltd, Goldcorp Inc, Newmont Mining Corp.
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