Is Gold Seeing a Breakout?

Author: Frank Holmes
Date Posted: January 29, 2015 Read time: 2 min

According to Frank Holmes, it is. Frank joins the cast of CNBC Europe during a recent visit to London to discuss how the devaluing of global currencies is sending the precious metal up. When asked how this can be with the dollar continuing to rally, Frank gives the example of gold in euro, yen and Canadian dollar terms. He agrees that in dollar terms we have not witnessed the same technical breakouts seen across many of the other currencies.

Frank goes on to talk about how negative interest rates also move the metal and what we might expect for gold demand heading into the Chinese New Year.


Watch the replay here.


On the latest episode of Gold Game Film with Kitco News, Frank comments on what he thinks the Federal Reserve’s upcoming meeting could do to the price of gold. You can tune in here to see what he had to say!


Wath the replay of Kitco's gold Game Film with Frank Holmes!

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.

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 12/31/2015: Gold Fields Ltd.

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.