Is This Metal Stealing Gold’s Thunder? - Frank Holmes Chimes In

Although gold continues to garner much attention, the silent star in the precious metals space may just be palladium, this according to U.S. Global Investors CEO Frank Holmes. Speaking with Kitco News Tuesday, he notes that palladium prices are up 15% while gold is just up 5% year to date. However, he remains optimistic on gold as the metal seems to be on track for more upside. Comparing gold prices to this time last year, Holmes notes gold is closely tracking last year’s price action after the Federal Reserve hiked interest rates. ‘Over a 12-month rolling period for the past 20 years, gold is flat…therefore, it’s very mathematically probably that it can rally 20% over the next 12 months — that would be 1 standard deviation,’ he says. ‘It can easily rally another 8% over the next 60 trading days,’ he adds. (show less)

Although gold continues to garner much attention, the silent star in the precious metals space may just be palladium, this according to U.S. Global Investors CEO Frank Holmes. Speaking with Kitco News Tuesday, he notes that palladium prices are up 15% while gold is just up 5% year to date. However, he remains optimistic on gold as the metal seems to be on track for more upside. Comparing gold prices to this time last year, Holmes notes gold is closely tracking last ... (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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