MarketWatch Spotlights Why Frank Holmes Thinks Gold Could Jump
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.
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.
Past performance does not guarantee future results.
| Fund | Year to Date | One-Year | Five-Year | Ten-Year | Gross Expense Ratio | Expense Cap |
|---|---|---|---|---|---|---|
| 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 |
Expense ratios as stated in the most recent prospectus. The expense cap is a voluntary limit on total fund operating expenses (exclusive of any acquired fund fees and expenses, performance fees, extraordinary expenses, taxes, brokerage commissions and interest) that U.S. Global Investors, Inc. can modify or terminate at any time, which may lower a fund’s yield or return. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. For a portion of periods, the fund had expense limitations, without which returns would have been lower. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund’s prospectus (e.g., short-term trading fees of 0.05%) which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS.
For information regarding the investment objectives, strategies, liquidity, risks, expenses and fees of the Tocqueville Gold Fund (TGLDX) please refer to the fund’s prospectus.
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
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%.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.
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.
The sale of shares of mutual funds may be subject to capital gains taxes by the shareholder.
Information provided here is neither tax nor legal advice and is general in nature. Federal and state laws and regulations are subject to change.
