Is Gold Due for a Rally?

Author: Frank Holmes
Date Posted: June 16, 2015 Read time: 1 min

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!

 

 

Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.

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.