Frank Holmes - Gold Bottom In for 2014
The set up for this Kitco “Gold Game” video with Frank Holmes, CEO of U.S. Global Investors in San Antonio reads: Kitco News kicks off the week with U.S. Global’s Frank Holmes to talk about gold’s recent spikes, and Wednesday’s FOMC meeting, on this edition of “Gold Game Film.” Holmes says gold is going through its cyclical rally and the bottom is being formed. He adds that the geopolitical tensions are supporting gold prices but he does not think it is sustainable. “[But] if oil prices start to spike, then we get inflation and that’s what triggers the run to gold.” Looking over at the US, Holmes says Yellen’s potential taper announcement may be good for gold because he is looking at the money supply. “Money supply is very important for the fear trade and is also a catalyst for inflation. So what we’re seeing now is that perfect storm.” Tune in now to hear what Holmes thinks may be gold’s touchdown pass this week and hear his contrarian view on the Fed. Kitco News, June 16, 2014.
Source Kitco
Source: http://www.gotgoldreport.com/2014/06/frank-holmes-gold-bottom-in-for-2014.html
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