Frank Tells BNN: Gold Is an Opportunity
Paul Bagnell, host of Business News Network (BNN), welcomes Frank Holmes to the program to discuss gold demand in China as the country celebrates the Lunar New Year this week, the year of the monkey.
Paul Bagnell, host of Business News Network (BNN), welcomes Frank Holmes to the program to discuss gold demand in China as the country celebrates the Lunar New Year this week, the year of the monkey. Frank says that historically we witness a seasonal rally for the yellow metal during the Chinese New Year and that the gold market has had a spectacular run so far in 2016. Frank touches on gold’s performance in other areas of the global market, like Canada and Australia, where producers are seeing significant gains due to weak local currencies.
Watch the full interview here to see why Frank believes gold is an opportunity within the broader commodity sector.
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Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.
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.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
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 accounts managed by U.S. Global Investors as of 12/31/2015: Newmont Mining Corp.
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