What Could Trigger Gold To Take Off In 2016?
Speaking to Teresa Matich of Investing News Network, Frank Holmes discusses the current gold price and where he sees the yellow metal moving in 2016.
Speaking to Teresa Matich of Investing News Network, Frank Holmes discusses the current gold price and where he sees the yellow metal moving in 2016. Frank points out that a strong dollar has been positive for many gold mining companies outside of the U.S. He specifically notes that in countries like Canada and Australia, some gold producers were up as much as 700 percent in a year.
Frank believes that inflation needs to rise while rates do not rise, calling this the “trigger for gold to take off” in 2016. Watch the full interview for Frank’s stock picks as well as his price target for the precious metal this year.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
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.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more accounts managed by U.S. Global Investors as of 12/31/15: Freeport McMoRan Inc., Klondex Mines Ltd, Newmont Mining Corp.