This Month Could Mean Opportunity for Gold Investors
Date Posted: May 18, 2016
Read time: 1 min
With the market turning increasingly bullish on gold, Daniela Cambone of Kitco News wants to know if the sentiment will last. She asks Frank Holmes whether now is the time to get into gold, or if investors are better off waiting it out. Frank explains that historically May is a month when gold witnesses a “great correction,” and in turn, provides a great buying opportunity for investors.
With the market turning increasingly bullish on gold, Daniela Cambone of Kitco News wants to know if the sentiment will last. She asks Frank Holmes whether now is the time to get into gold, or if investors are better off waiting it out. Frank explains that historically May is a month when gold witnesses a “great correction,” and in turn, provides a great buying opportunity for investors.
In addition to the seasonal timeline, Frank reminds Daniela that if central banks around the world continue along the path of negative interest rates, gold will remain a go-to asset class in these times of uncertainty. Tune in to the full replay below for more!
Read Frank Holmes’ recent post on gold: Appetite for Bullion Coins Soars, Gold Game Film Turns Two
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the interview were held by any accounts managed by U.S. Global Investors as of 03/31/2016.
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.
