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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Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk. By investing in a specific geographic region, a regional fund’s returns and share price may be more volatile than those of a less concentrated portfolio. The Emerging Europe Fund invests more than 25% of its investments in companies principally engaged in the oil & gas or banking industries. The risk of concentrating investments in this group of industries will make the fund more susceptible to risk in these industries than funds which do not concentrate their investments in an industry and may make the fund’s performance more volatile.
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The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
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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