Gold: What Are the Seasonal Trading Patterns Telling Us?
David Moadel, host of “Looking at the Markets with David Moadel,” welcomes Frank Holmes to the program for the first time. Frank begins the conversation by explaining how he got started in finance, and more specifically, the commodity and gold markets.
David Moadel, host of “Looking at the Markets with David Moadel,” welcomes Frank Holmes to the program for the first time. Frank begins the conversation by explaining how he got started in finance, and more specifically, the commodity and gold markets. He goes on to discuss the current gold market and what the yellow metal’s seasonal trading patterns are telling us about the possible future direction of the price.
Frank says that gold’s seasonal pattern is incredibly powerful, noting that it is predominately driven by the Love Trade, but also by the Fear Trade, which we are experiencing right now. Tune in to the interview for the full explanation, as well as a discussion on oil, bonds and bitcoin. Watch the interview below!
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content.
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 03/31/2017: Franco-Nevada Corp, Newmont Mining Corp, Silver Wheaton Corp, SPDR Gold Shares ETF (GLD)
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 S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
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.
There is no guarantee that the issuers of any securities will declare dividends in the future or that, if declared, will remain at current levels or increase over time.