Global PMI: Key Number To Track Says Holmes

Kitco News speaks with U.S. Global Investors’ Frank Holmes about gold prices, the oil & gas sector and the global economy. Holmes argues that inflation is on the horizon. “I think sometime in the next 12 months….we will see inflation basically kick up.” He also expects to see a slowdown in gold supply over the next 2 years. “I think that’s going to be a positive indicator [for the metal].” With regards to the PGMs, he says that although there is inventory buildup for platinum and palladium in the ETFs, car sales have been booming, which makes the PGMs an asset class to keep an eye out for. “Copper is another one that is a classic asset class to invest in,” he adds. Tune in now to hear more comments on the metals and the mining industry from Frank Holmes. Kitco News, January 16, 2014. (show less)

Kitco News speaks with U.S. Global Investors’ Frank Holmes about gold prices, the oil & gas sector and the global economy. Holmes argues that inflation is on the horizon. “I think sometime in the next 12 months….we will see inflation basically kick up.” He also expects to see a slowdown in gold supply over the next 2 years. “I think that’s going to be a positive indicator [for the metal].” With regards to the PGMs, he says that although there is inventory ... (read more)

 
 
On The Spot

On The Spot
Editor-in-Chief Daniela Cambone puts some of the A-list names in the commodities space 'on the spot'. From key political & economic leaders to metal market opponents, she has guests from all over the globe answer some of the most challenging questions surrounding the resource industry. Tune in to hear what the elite have to say about the hottest topics in the industry.

 

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