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!
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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.
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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