Frank Holmes: Energy, Gold and Short-Term Debt
Pauline Chiou of CNBC Asia welcomes Frank Holmes to the program, starting the discussion by focusing on energy following the latest OPEC meeting.
Pauline Chiou of CNBC Asia welcomes Frank Holmes to the program, starting the discussion by focusing on energy following the latest OPEC meeting. Frank says when it comes to the price of oil, it’s important to recognize that some of the big name companies are cleaning up their balance sheets. He adds that travel patterns can affect the price of oil too, pointing out that we are in the post-Memorial Day summer driving season.
Frank goes on to explain his “constructively bullish” view on gold, after the precious metal retreated from record highs, heading back toward its mean. He also shares why short-term debt, U.S. municipal bonds in particular, are gaining interest from foreign investors right now.
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