Make Kitco Your Homepage
Frank E. Holmes

Frank E. Holmes

Follow Author:

Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.  The company’s no-load mutual funds include the Global Resources Fund (ticker PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold Shares Fund (USERX).

Please consider carefully the fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Distributed by U.S. Global Brokerage, Inc.

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Foreign and emerging market investing involves special risks such as currency fluctuation and less public disclosure, as well as economic and political risk.

The S&P/TSX Global Gold Index is an international benchmark tracking the world's leading gold companies with the intent to provide an investable representative index of publicly-traded international gold companies. The FTSE Gold Mines Index Series encompasses all gold mining companies that have a sustainable and attributable gold production of at least 300,000 ounces a year, and that derive 75% or more of their revenue from mined gold.

Holdings as a percentage of net assets as of 6/30/07: Jiangxi Copper (China Region Opportunity Fund 1.74%); Silvercorp Metals Inc. (World Precious Minerals Fund 2.78%, Global Resources Fund 0.89%, China Region Opportunity Fund 2.42%); Gold Fields Ltd. (Gold Shares Fund 6.05%, World Precious Minerals Fund 2.58%, Global Resources Fund 0.39%); Sino Gold Mining Ltd. (Gold Shares Fund 1.03%, World Precious Minerals Fund 0.58%, China Region Opportunity Fund  0.27%); Anglogold Ashanti (0.0%); Dynasty Gold (0.0%).

read full bio ▼

Crypto SWOT: Bitcoin is on track for its worst quarter in a decade

(Kitco commentary) - Sam Bankman-Fried’s FTX crypto exchange is exploring whether it might be able to acquire Robinhood Markets, according to people with knowledge of the matter.

Gold SWOT: Dolly Varden Silver has started its drilling campaign in the Golden Triangle.

(Kitco commentary) - The best performing precious metal for the week was palladium, up 4.62%, as the U.K. sanctioned Nornickel’s major shareholder, oligarch Vladimir Potanin. Nornickel is the worlds’s top producer of palladium, supplying about 40% of world demand.

Crypto SWOT: The Bank for International Settlements says crypto has “structural flaws”

(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Metaxa, rising 1,270.08%.

Gold SWOT: total gold held by etfs has risen 7.4% so far this year

(Kitco commentary) - The best performing precious metal for the week was palladium, up 3.41%, perhaps on news that Sibanye says its Stillwater Mine could be idle for up to six weeks after the Yellowstone flooding.

Gold SWOT: U.S. gold coin sales are on pace to have the strongest year since 1999

(Kitco commentary) - The best performing precious metal for the week was gold, up 1.41% after the market digested the Friday CPI print of 8.3%. India's gold imports for May jumped 677% in one year, the highest surge seen on a yearly basis.

Crypto SWOT: The Winklevoss twins' Gemini sued by the CFTC

(Kitco commentary) - Fidelity Investments' cryptocurrency-focused subsidiary is planning to hire more than 100 new technology workers as it works to expand its offering beyond Bitcoin, the Wall Street Journal reports.

Gold SWOT: gold moves higher as investors evaluate the Fed’s tightening path

(Kitco commentary) - The best performing precious metal for the week was platinum, up 7.73% as hedge funds cut their bearish platinum outlook to the lowest in six weeks.

Crypto SWOT: Turkey wants increased regulatory oversight of cryptocurrencies

(Kitco commentary) - Sumitomo Mitsui Trust Holdings is teaming up with a Japanese crypto firm to create a trust company to manage digital assets for institutional investors, writes Bloomberg.

Gold SWOT: gold is headed for the longest run of gains in more than a month

(Kitco commentary) - The best performing precious metal for the week was palladium, up 6.34%, despite hedge funds increasing their bearish weighting on palladium to an 18-week high.

Crypto SWOT: Texas has ambitions to become the most important crypto hub in the U.S.

(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Nekocoin, rising 1,913.68%.