Why Are Gold and Oil Moving Higher?
Frank Holmes joins Kathleen Hays and Pimm Fox for Taking Stock on Bloomberg Radio. The hosts want to know why we are seeing both crude oil and gold moving higher this week.
Frank Holmes joins Kathleen Hays and Pimm Fox for Taking Stock on Bloomberg Radio. The hosts want to know why we are seeing both crude oil and gold moving higher this week. As Frank says, “Follow the dollar.” He goes on to explain how the dollar is inversely correlated with these commodities. In addition, it’s important to look at how gold performs in other countries’ currencies.
Listen to the interview to hear some of Frank’s stock picks for this market.
Read more about Frank’s expectations for the gold market in the latest Investor Alert!
Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
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.
A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
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 12/31/2015: St. Barbara
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