Watch How Gold Moves in Other Currencies
During the 20th Annual Vancouver Resource Investment Conference, Frank Holmes talks with Vanessa Collette, host of Cambridge House Live, beginning the conversation with U.S. equities, particularly how they’ve been up for six years in a row. Frank discusses the possibility of this happening for a seventh straight year and what is different now.
Frank switches gears to talk gold when Vanessa asks how the precious metal has been moving recently. He notes that investors should be paying close attention to what currencies around the world are doing because this is directly affecting how gold is reacting. For example, Frank says that in South African rand terms, gold is breaking out, because the currency recently fell 40 percent.
Watch the entire interview below for thoughts from Frank on China, the energy sector and of course more insight on gold and gold stocks.
For an in-depth look at U.S. equities rising for six-straight years, be sure to check out Frank’s blog post that Vanessa references at the start of the interview.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The Emerging Europe Fund did not hold any of the securities mentioned in this interview as a percentage of net assets as of 09/30/2014.
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