Frank Holmes: The Fed Made a Wise Move

Author: USGI
Date Posted: September 23, 2015 Read time: 2 min

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.

 

 

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

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.

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.

The HSBC Flash China Manufacturing PMI is published a week ahead of the final HSBC China PMI every month. It analyzes 85-90 percent of the responses to the Final PMI from purchasing executives in more than 400 small, medium and large manufacturers, both state-owned and private enterprises.