Frank Holmes: Gold Could Rally In 2017
Date Posted: January 10, 2017
Read time: 2 min
Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program in the first week of 2017 to get his take on where gold is headed next. Frank believes that gold is currently oversold.
Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program in the first week of 2017 to get his take on where gold is headed next. Frank believes that gold is currently oversold. Looking at the metal’s price action over 60 trading days, it is down two standard deviations, making it due for a price reversal, Frank explains. He says there is a 90 percent probability to see gold revert back to its mean over the next 60 trading days.
With the Federal Reserve targeting three to four rate hikes in 2017, Frank also shares his outlook for interest rates in the New Year. Tune in to the replay of Frank’s interview, or read the transcript, to hear his full comments!
Want more on gold from Frank Holmes? Subscribe to his CEO blog Frank Talk for free and receive updates straight to your inbox!
Past performance does not guarantee future results. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
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 link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.
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.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
Enterprise value to operating cash flow is the ratio of the entire economic value of a company to the cash it produces.
The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
