MarketWatch Spotlights Why Frank Holmes Thinks Gold Could Jump

Author: Frank Holmes
Date Posted: November 13, 2015 Read time: 6 min

Myra Saefong of MarketWatch spoke with Frank Holmes recently to find out why he believes gold could finish 2015 strong.

Myra Saefong of MarketWatch spoke with Frank Holmes recently to find out why he believes gold could finish 2015 strong. Despite many gold traders focusing solely on what the Federal Reserve will do next, Frank Holmes pinpoints four factors that he says look positive for the precious metal. These include shrinking real interest rates, a recent dip in the U.S. dollar, an uptick in global purchasing managers’ index (PMI) data, and signs of increased demand out of China.

Read the full article here to see exactly why Frank suggests gold could finish the year higher.


Click here to read the full interview.


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Past performance does not guarantee future results.

Total Annualized Returns as of 9/30/2015
Fund Year to Date One-Year Five-Year Ten-Year Gross Expense Ratio Expense
Gold and Precious Metals Fund -6.98% -21.82% -20.11% -1.79% 1.97% 1.90%
Tocqueville Gold Fund (TGLDX) -22.92% -31.39% -19.60% -0.20% 1.38% N/A

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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the Gold and Precious Metals Fund as a percentage of net assets as of 9/30/2015: Klondex Mines Ltd. 16.91%, Newmont Mining Corp. 0.85%, Osisko Gold Royalties Ltd. 6.23%.

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The J.P. Morgan Global Purchasing Manager’s Index is an indicator of the economic health of the global manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

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 U.S. Dollar Index (DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners’ currencies.

Investment Objective: The Gold and Precious Metals Fund seeks capital appreciation while protecting against inflation and monetary instability. The fund also pursues current income as a secondary objective. The Tocqueville Gold Fund’s investment objective is long-term capital appreciation.

Liquidity: The Gold and Precious Metals Fund and the Tocqueville Gold Fund can be purchased or sold at a net asset value (NAV) determined at the end of each trading day.

Safety/Fluctuations of principal/return: Loss of money is a risk of investing in the Gold and Precious Metals Fund and the Tocqueville Gold Fund. Shares of all of these securities are subject to sudden fluctuations in value.

Tax features: The Gold and Precious Metals Fund and the Tocqueville Gold Fund may make distributions that may be taxed as ordinary income or capital gains. Mutual funds are pass-through entities, so the shareholder is responsible for taxes due on distributions.

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