Frank Holmes Talks Commodities and Currencies with CNBC London

Author: USGI
Date Posted: December 2, 2015 Read time: 2 min

During his time in Europe for Mines and Money London, Frank Holmes joins CNBC to discuss how commodities are performing around the world, particularly in various currencies.

During his time in Europe for Mines and Money London, Frank Holmes joins CNBC to discuss how commodities are performing around the world, particularly in various currencies. Frank starts by using the example of copper, stating that if investors are bullish on this commodity then it’s important they recognize which countries rely on it, such as Peru. He says assessing the commodity this way is a “two-for-one” deal because not only do you see copper prices rising in investment terms, the country’s currency is rising as well – historically the two track one another closely.

Frank says similar to the link between the Peruvian sol and copper, the Australian dollar has linked to iron ore, the Canadian dollar historically tracks oil prices and even the Colombian peso has had a correlation to oil and gas.

Watch the full interview to see what else Frank has to say about the commodity market and to find out what he’s looking at as we approach year end.

 

Watch the full interview.

 

Past performance does not guarantee future results.

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. 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.

None of U.S. Global Investors Funds held any of the securities mentioned in this interview as of 09/30/2015.

The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.

Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha.

There is no guarantee that the issuers of any securities will declare dividends in the future or that, if declared, will remain at current levels or increase over time.