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Don’t Fret, May Always Brings Buying Opportunity For Gold - CEO
Gold as a safe-haven play has helped push the metal to 15-month highs and see its best performing start to the year in decades. But, should investors now worry about the predominantly bullish sentiment in the marketplace? According to U.S. Global Investors CEO Frank Holmes, not quite. ‘We’re in a secular bull market in gold and most people don’t believe it,’ he told Kitco News. He added that under current economic conditions — with negative interest rates globally — gold continues to be an investors’ go-to asset. After having a good start to the day, gold futures dropped $10 within ten minutes in midday trading Monday; but, Holmes isn’t too phased by the move. ‘Historically this is the month you get a great correction and buying opportunity,’ he said. June Comex gold futures settled at $1274.20, flat on the day. (show less)
Gold as a safe-haven play has helped push the metal to 15-month highs and see its best performing start to the year in decades. But, should investors now worry about the predominantly bullish sentiment in the marketplace? According to U.S. Global Investors CEO Frank Holmes, not quite. ‘We’re in a secular bull market in gold and most people don’t believe it,’ he told Kitco News. He added that under current economic conditions — with negative interest rates globally — ... (read more)
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.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
