Is Gold Due for a Rally?
Kitco News’ Daniela Cambone and Frank Holmes kick off this week’s Gold Game Film live from San Antonio, Texas, where Daniela wants to know if gold is ready for a summer rally. Frank notes data from a recent Merrill Lynch report that shows over the past 25 out of 27 years, gold has bottomed in June-July and then rallied, meaning he believes we could see some upward movement from the yellow metal pretty soon.
Frank also notes that news out of Greece along with this week’s Federal Reserve meeting could be movers for gold. Tune in below for this special edition of Gold Game Film!
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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.
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