Frank Holmes Remains Bullish on Gold

Author: USGI
Date Posted: May 25, 2016 Read time: 1 min

Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, and wants Frank’s thoughts on gold’s recent pullback. Following the release of the April Federal Reserve minutes, which indicated a possible interest rate hike in June, the yellow metal retreated from its highs. Frank points out that gold was extremely overbought at the end of April, and based on historical seasonal patterns, the metal was due for a correction this month.

Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film, and wants Frank’s thoughts on gold’s recent pullback. Following the release of the April Federal Reserve minutes, which indicated a possible interest rate hike in June, the yellow metal retreated from its highs. Frank points out that gold was extremely overbought at the end of April, and based on historical seasonal patterns, the metal was due for a correction this month.

In terms of a potential rate hike in June, Frank believes this could keep the metal low, but says that this also offers a buying opportunity for investors. Watch the full episode below to see why Frank says he remains bullish on gold!

 

   Read Frank Holmes’ recent post on gold: Appetite for Bullion Coins Soars, Gold Game Film Turns Two

 

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

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 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.