Gold Heading To $1,400 This Year: US Global's CEO
Kitco News speaks with US Global Investors’ CEO Frank Holmes about gold’s price movements last week and where he expects the yellow metal is headed. “Now with gold going above the 200-day, there’s a sentiment of relief and it is positive,” he says. However, Holmes says that this does not mean investors are ‘runaway bullish’ on gold just yet. Holmes is optimistic about gold’s direction, stating that one of the major headwinds for the metal last year will probably soften in 2014. “One of the big headwinds last year in government policies was CPI numbers fell and interest rates for government bonds went up…that was a big headwind for gold,” he says. “I think you’ll see that change this year; you’re going to see CPI numbers start to rise and lots of capacity in the economy means rates are not going to rise; so, we’ll probably see a negative real rate of return which would take gold up to around $1,400 an ounce.” Tune in now to hear more from Frank Holmes and to hear which mining stocks he is eyeing. Kitco News, February 18, 2014. (show less)
Kitco News speaks with US Global Investors’ CEO Frank Holmes about gold’s price movements last week and where he expects the yellow metal is headed. “Now with gold going above the 200-day, there’s a sentiment of relief and it is positive,” he says. However, Holmes says that this does not mean investors are ‘runaway bullish’ on gold just yet. Holmes is optimistic about gold’s direction, stating that one of the major headwinds for the metal last year will probably ... (read more)
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.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.
