Frank Holmes Says the Falling Dollar Is “Good For All Metals”
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film.
Daniela Cambone of Kitco News welcomes Frank Holmes back for another edition of Gold Game Film. This week’s chat comes just days before the Jackson Hole Economic Policy Symposium, happening Thursday through Sunday. While many investors will be watching closely to see what comments might move the metals market, Frank Holmes says it’s still crucial to pay attention to the falling U.S. dollar.
“The falling dollar is truly helping the industrial sector in America,” Frank explains. “It’s helping exports. More importantly, the falling dollar is good for all metals, especially gold.” In addition to the dollar movement, Frank says this week’s release of purchasing managers’ index (PMI) data will be important to forecasting commodity demand. Watch the full recap below!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Purchasing Managers’ 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.