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Crowded Trade Unwinding in Gold, Silver As Metals Extend Losses?
Gold and silver prices continue to struggle as markets continue to digest last week’s strong employment report, which has some investors questioning whether or not it is time to get out. However, according to US Global Investors CEO Frank Holmes, this just might be another buying opportunity. Gold futures managed to hit a two-week low Monday, settling the day at $1,341.30 an ounce while September silver settled relatively flat on the day at $19.805. The jobs report, according to Holmes, was “just part of that noise cycle we’re dealing with. The threat that rates are going to rise in the U.S. will be short lived.” (show less)
Gold and silver prices continue to struggle as markets continue to digest last week’s strong employment report, which has some investors questioning whether or not it is time to get out. However, according to US Global Investors CEO Frank Holmes, this just might be another buying opportunity. Gold futures managed to hit a two-week low Monday, settling the day at $1,341.30 an ounce while September silver settled relatively flat on the day at $19.805. The jobs report, ... (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.
