Gold’s Biggest Threat

Author: Frank Holmes
Date Posted: March 24, 2015 Read time: 2 min

In this week’s edition of Gold Game Film, Kitco’s Alex Letourneau asks Frank Holmes what the biggest threat for gold is right now. Following the much-anticipated FOMC meeting last week, the U.S. dollar saw a correction and gold strengthened on Wednesday. Despite the moves, Frank tells Alex that the currency remains a strong threat to the yellow metal.

Frank also comments on the situation in Greece, and explains why all eyes should be on consumer price index numbers coming out this week. Tune in below to catch the full replay and to see what gold’s touchdown pass of the week is.


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Fund portfolios are actively managed, and 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 of U.S. Global Investors Funds as of 12/31/14: SPDR Gold shares.

The U.S. Trade Weighted Dollar Index provides a general indication of the international value of the U.S. dollar. The Dow Jones Industrial Average is a price-weighted average of 30 blue chip stocks that are generally leaders in their industry.

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 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.