What’s In Store for Gold?
Mike Gleason, host of Weekly Market Wrap on Money Metals Exchange, welcomes Frank Holmes to the program to share his outlook on gold. Frank says the dovish stance from the FOMC meeting last week came as no surprise to him, but one headwind that continues to be present for gold is the strength of the U.S. dollar. Mike asks Frank if he sees the dollar’s rally coming to an end anytime soon, and Frank says he doesn’t think it will turn quite yet.
Frank also explains his view on allocating 10 percent of your investment portfolio to gold; 5 percent in bullion and 5 percent in gold stocks, while rebalancing annually. He also discusses the big oil correction and how in gold-to-oil ratio terms, the precious metal has held up well in comparison.
Catch the full replay below.
Want more on the gold market? Check out Frank Holmes’ latest blog post, What the Federal Reserve and the Fear Trade Do for Gold.
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