Gold Is Up, But for How Long?
Date Posted: May 2, 2016
Read time: 1 min
Daniela Cambone of Kitco News welcomes Frank Holmes back for another episode of Gold Game Film, this time to get his thoughts on gold’s latest rally – has it come too far, too fast?
Daniela Cambone of Kitco News welcomes Frank Holmes back for another episode of Gold Game Film, this time to get his thoughts on gold’s latest rally – has it come too far, too fast? Frank agrees that the 19 percent upswing in the precious metal year-to-date is impressive, and suggests that now may be the time for investors to take profits.
Daniela notes that some analysts see a correction from these highs coming soon, and asks Frank how bad the fall back could be from here. Tune in to the full episode below to see what he has to say!
Read Frank Holmes’ recent post on gold:
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
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 03/31/2016: Barrick Gold Corp.
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.
