May 16, 2016
Guest(s): Frank Holmes
Gold as a safe-haven play has helped push the metal to 15-month highs and see its best performing start to the year in decades. But, should investors now worry about the predominantly bullish sentiment in the marketplace? According to U.S. Global Investors CEO Frank Holmes, not quite. ‘We’re in a secular bull market in gold and most people don’t believe it,’ he told Kitco News. He added that under current economic conditions — with negative interest rates globally — gold continues to be an investors’ go-to asset. After having a good start to the day, gold futures dropped $10 within ten minutes in midday trading Monday; but, Holmes isn’t too phased by the move. ‘Historically this is the month you get a great correction and buying opportunity,’ he said. June Comex gold futures settled at $1274.20, flat on the day.