Frank Holmes: The Fed Made a Wise Move
On this week’s episode of Gold Game Film, Kitco host Daniela Cambone asks Frank his thoughts on the Federal Reserve’s recent decision to keep interest rates unchanged.
On this week’s episode of Gold Game Film, Kitco host Daniela Cambone asks Frank his thoughts on the Federal Reserve’s recent decision to keep interest rates unchanged. Frank says that if interest rates were lifted, the dollar would have soared, destroying exports out of the U.S. and creating contagion due to further quantitative easing measures worldwide. Ultimately, he thinks the Fed made a wise choice not changing a thing.
Frank also comments on the fact that the mining sector is currently struggling for a bottom. Tune in to the full replay below and see why he believes we’re witnessing a trough in mining stocks so far this year.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 06/30/2015: Freeport-McMoRan.
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.
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