Frank Holmes: This Rally Has Room to Grow
Date Posted: March 1, 2016
Read time: 2 min
Kitco News’ Daniela Cambone and Frank Holmes team up to talk gold this week live from the BMO Metals and Mining Conference in Florida. Daniela wants to know if the gold rally we are experiencing now is sustainable.
Kitco News’ Daniela Cambone and Frank Holmes team up to talk gold this week live from the BMO Metals and Mining Conference in Florida. Daniela wants to know if the gold rally we are experiencing now is sustainable. Frank points out that we witnessed a “golden cross” on Friday, meaning the metal’s 50-day moving average crossed above its 200-day moving average. He says this technical indicator shows that mathematically, the odds are in favor of a more sustainable run. Frank also comments on the sentiment of this year’s conference compared to a year ago and gives his touchdown pass for the week.
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