How Will Gold End 2016?
Date Posted: October 24, 2016
Read time: 2 min
Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program to discuss gold’s most recent correction following record performance so far in 2016.
Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program to discuss gold’s most recent correction following record performance so far in 2016. Frank explains that we are witnessing gold’s seasonal pattern; historically, the yellow metal surges in September and corrects in October, so Frank says the price movement is normal. When asked if he thinks there is more downside to come for gold, Frank tells listeners “I think that we have the worst behind us unless rates do have a big surge.”
Tune in to the replay of Frank’s interview, or read the transcript, to hear his full comments on gold’s price action, the demand from China and India, interest rates and more.
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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 09/30/2016: Franco-Nevada Corp, Royal Gold Inc., Silver Wheaton Corp.
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.
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).
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M2 Money Supply is a broad measure of money supply that includes M1 in addition to all time-related deposits, savings deposits, and non-institutional money-market funds.
