The Gold and Oil Landscape in Europe
Frank Holmes joins Bernie Lo of CNBC Asia to talk about this week’s monetary policy decision from the European Central Bank (ECB), specifically how it could affect commodities like gold and oil in Europe.
Frank says that with the approval of further quantitative easing (QE) from the ECB, gold should perform very well in euro terms and has already started to do so. He adds that it will take about six months for the stimulus to trickle through the European economy, but this cheap money should ignite economic activity.
Watch the full interview to see what Frank has to say about cheap oil in Europe, and also to hear his current strategy on the U.S. market.
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