Gold and the Presidential Election: The Bigger Picture
Frank Holmes tells CNBC host Bernie Lo that the way the gold price is moving lately is evidence of the metal’s normal seasonal pattern; historically, gold rallies in September, falls in October and surges back in November.
Frank Holmes tells CNBC host Bernie Lo that the way the gold price is moving lately is evidence of the metal’s normal seasonal pattern; historically, gold rallies in September, falls in October and surges back in November. Frank also comments on the U.S. presidential election, but says he believes a rise in interest rates is more important to markets right now than the drama surrounding the candidates.
Watch the full interview to see why Frank says he thinks the market is due for a rally.
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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./p>