Frank Holmes: Gold Is at an Inflection Point

Author: Frank Holmes
Date Posted: December 7, 2016 Read time: 2 min

Bernie Lo of CNBC Asia welcomes Frank Holmes back to the program to discuss the latest moves in the gold price.

Bernie Lo of CNBC Asia welcomes Frank Holmes back to the program to discuss the latest moves in the gold price. For the month of November, the yellow metal saw a downward move, but Frank explains that “math favors” a lift in price moving into the end of the year. He says gold is down almost two standard deviations over 20 and 60 trading days, so statistically speaking, it should reverse course in December following a hike in interest rates by the Federal Reserve.


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The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.

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.

The Russell 2000 Index is a U.S. equity index measuring the performance of the 2,000 smallest companies in the Russell 3000. The Russell 3000 Index consists of the 3,000 largest U.S. companies as determined by total market capitalization.

The Wilshire US Large-Cap Index is a benchmark of the large-sized (based on capitalization) companies in the U.S. equity market.