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Frank E. Holmes

Frank E. Holmes

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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%).

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Crypto SWOT: Advisers overseeing the bankruptcy of FTX are struggling to locate the company's cash and crypto

(Kitco commentary) - The World Cup has an official crypto exchange sponsor - Crypto.com – and it’s just one of several decentralized tie-ins for the World Cup, which kicks off in Qatar in the coming week.

Gold SWOT: Kinross Gold's new COO has hit the reset button on the operating front

(Kitco commentary) - The best performing precious metal for the week was gold, but still down 1.04%. Torex Gold announced adjusted earnings per share (EPS) of $0.40, beating consensus of $0.33 on pre-reported gold sales of 119,800 ounces.

Crypto SWOT: Last Week Was Crazy for Crypto, Here’s a Recap

(Kitco commentary) -Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was PAX Gold, rising 5.66%.

Gold SWOT: Yamana Gold has entered into an arrangement with Pan American and Agnico Eagle

(Kitco commentary) - The best performing precious metal for the week was palladium, up 10.46%. Allied Market Research published a report outlining 5.8% compounded growth for global palladium markets through 2031.

Crypto SWOT: India's Central bank starts a pilot program of its digital currency

(Kitco commentary) - India's central bank started a pilot program of its digital currency on Tuesday, allowing select banks to use it for settling secondary-market transactions in government securities.

Gold SWOT: India's gold demand has reached pre-pandemic levels

(Kitco commentary) - The best performing precious metal for the week was silver, up 9.34% largely on speculation that China will reopen soon.

Crypto SWOT: Crypto miner Core Scientific warned that it may run out of cash by year-end

(Kitco commentary) - Crypto hedge fund Strix Leviathan has hired ex-BlackRock Inc. executive Matthew McBrady as its new head of strategy, reports Bloomberg.

Gold SWOT: Drilling by K92 Mining is only beginning to scratch the surface, says Stifel

(Kitco commentary) - The best performing precious metal for the week was platinum, up 1.73%, as hedge funds boosted their bullish sentiment to a seven-month high.

Crypto SWOT: Crypto billionaire Sam Bankman-Fried has outlined a framework for limiting industry hacks.

(Kitco commentary) - JPMorgan Chase & Co. has hired a new head of digital assets regulatory policy, less than a month after CEO Jamie Dimon told lawmakers that cryptocurrencies are “decentralized Ponzi schemes.”

Gold SWOT: Renewed strength in the dollar has seen gold fall more than 20% since March peak

(Kitco commentary) - The best performing precious metal for the week was silver, up 6.58%. Silver ETFs saw inflows last week for the first time in almost six months as short interest retreated from 10-year highs.