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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: 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%.

Gold SWOT: K9 Mining reported strong first quarter results

(Kitco commentary) - The best performing precious metal for the week was silver, up 3.25%. Steppe Gold Limited reported a significant boost to its year-over-year first quarter revenue this week

Crypto SWOT: Sam Bankman-Fried, CEO of FTX, bought a 7.6% stake in Robinhood

(Kitco commentary) - Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Goldario, rising 560.78%.

Gold SWOT: for the first time since October, copper slumped below $9,000 per ton

(Kitco commentary) - The best performing precious metal for the week was platinum, but still down 2.92% on little metal specific news.

Crypto SWOT: Gucci will accept payments in crypto in the U.S. starting this month

(Kitco commentary) - DraftKings has teamed up with Metabilia, a memorabilia and NFT company operating at the forefront of physical and digital collectibles, which will become the latest NFT supplier on DraftKings Marketplace, according to Bloomberg.

Gold SWOT: Nomad Royalty announced a friendly acquisition by sandstorm gold this week

(Kitco commentary) - The best performing precious metal for the week was platinum, up 4.16%, likely related to a pairs trade with palladium. However, lockdowns in China may be playing a role, too.

Crypto SWOT: Fidelity will reportedly allow 401(k) savings accounts to invest in Bitcoin

(Kitco commentary) - Wall Street firms are making a crypto push to "keep up with the cool kids," reports Bloomberg.

Gold SWOT: The first ETP combining gold and Bitcoin has launched in Europe

(Kitco commentary) - The best performing precious metal for the week was platinum, though still off 1.76%, as speculators flip back to net short this week.

Crypto SWOT: Coinbase's marketplace for non-fungible tokens (NFTs) is finally here

(Kitco commentary) - Coinbase's marketplace for non-fungible tokens (NFTs) is finally here in what could be key to reviving the crypto exchangeâ??s growth prospects a year after its fizzling public debut, writes Bloomberg.

Gold SWOT: Gold is proving remarkably resilient, gaining almost 7% this year

(Kitco commentary) - Yamana Gold, which operates mines in four countries including Canada and Argentina, is seeking better terms from lenders including Bank of Nova Scotia and Citigroup Inc. after earning an upgrade from S&P Global Ratings.