Is There Still A Case For Gold? Absolutely, Says This CEO

Even with gold trading near 8-week lows, one asset manager still sees a case for the yellow metal within the current investment environment. Speaking with Kitco News Wednesday, U.S. Global Investors CEO Frank Holmes said gold is just dealing with a cyclical low. ‘This is the seasonal pattern to be aware of,’ he said. June Comex gold futures continue to trade under pressure Wednesday, settling the day at $1,218.90 an ounce, up 0.11% on the day. To Holmes, gold will come back on investors’ radars once inflation starts to pick up. In the meantime, he wouldn’t be surprised to see prices fall slightly lower. ‘I think it’s probably got $50 on the downside if there’s some type of a trigger but I think this time next year it’ll trade higher,’ he said. (show less)

Even with gold trading near 8-week lows, one asset manager still sees a case for the yellow metal within the current investment environment. Speaking with Kitco News Wednesday, U.S. Global Investors CEO Frank Holmes said gold is just dealing with a cyclical low. ‘This is the seasonal pattern to be aware of,’ he said. June Comex gold futures continue to trade under pressure Wednesday, settling the day at $1,218.90 an ounce, up 0.11% on the day. To Holmes, gold will ... (read more)

 
 
Gold Game Film

Gold Game Film
Gold Game Film features the founder of US Global Investors, Frank Holmes as he highlights play-by-play action in the gold market. Melding sports and precious metals, Holmes comments on gold’s touchdown pass of the week. Holmes also reflects on the opportunities and threats he sees for the gold market. Tune in every week to hear from our Monday Morning Quarterback, Frank Holmes.

 

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