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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 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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Gold SWOT: Newmont has agreed to acquire Newcrest in a friendly all-share transaction

(Kitco commentary) - The best-performing precious metal for the week was platinum, showing a 0.44% increase. AngloGold is changing its domicile and primary listing location.

Gold SWOT: China added to its gold reserves for the sixth consecutive month

(Kitco commentary) - Palladium was the best-performing precious metal of the week, increasing by 1.3%. Exchange-traded funds (ETFs) raised their palladium holdings by 17,202 troy ounces.

Crypto SWOT: Ark Invest added more Coinbase shares to its stockpile.

(Kitco commentary) - Sales of NFTs seem to be climbing from the lowest levels since 2021 after NFT marketplace Blend launched its lending program.

Gold SWOT: The Google search phrase "how to buy gold" reached record highs in the U.S.

(Kitco commentary) - The best-performing precious metal for the week was silver, up 2.77% as hedge funds increased their bullish position size to its highest level in 15 weeks, according to Bloomberg.

Crypto SWOT: Bitcoin may be eyeing $50,000 next year

(Kitco commentary) - Bitcoin's rebound could be just the start of a rally that may take it past $50,000 next year courtesy of a process known as halving, which curbs the supply of new tokens.

Gold SWOT: Gold prices in India have soared to their highest ever

(Kitco commentary) - This week gold futures closed the week at $1998.10, up $7.60 per ounce, or 0.38%. Gold stocks, as measured by the NYSE Arca Gold Miners Index, ended the week lower by 0.44%. The S&P/TSX Venture Index came in off 0.13%. The U.S. Trade-Weighted Dollar fell 0.19%.

Crypto SWOT: President Donald Trump launched his second series of NFTs

(Kitco commentary) - Switzerland's Syz Group is joining with Hong Kong-based venture capital firm CMCC Global to launch a fund with at least $50 million to invest in crypto-focused hedge funds.

Gold SWOT: Central bank gold buying continued in February

(Kitco commentary) - This week, gold futures closed the week at $1992.60, down $23.20 per ounce, or 1.15%. Gold stocks, as measured by the NYSE Arca Gold Miners Index, ended the week higher/lower by 4.42%. The S&P/TSX Venture Index came in off 3.71%. The U.S. Trade-Weighted Dollar gained just 0.15%.

CRYPTO SWOT: Bitcoin above $30,000 for the first time since June 2022.

(Kitco commentary) - Bitcoin climbed over $30,000 for the first time since June 2022, bolstered by bets on easier monetary policies that have made cryptocurrencies standout performers this year.

Gold SWOT: Royal Gold reported positive 1Q stream segment ounces

(Kitco commentary) - The best performing precious metal for the week was platinum, up 3.74%. The Gold/Copper ratio has been on an upward trend since mid-March as gold has outperformed copper.