Gold Heading To $1,400 This Year US Global's CEO - Kitco News.
Gold Heading To $1,400 This Year: US Global's CEO -
Kitco News.
Transkripsi.
0:00.my guest today on the spot is
Frank Holmes at US Global Investors
0:04.we'll be talking about how goal
broke through that 200-day moving average
0:07.should everyone be rejoicing
he's up next K
0:10.even
0:18.Frank on now joins us from San
Antonio Frank thanks for being with us let's
0:22.start by looking at some other
big movie song called
0:24.siding with the last week we
started the week off at 12:30
0:27.75 we ended around 1320 at around
four percent change from gold we also saw
0:32.some big news for the miners
0:34.is this a a sign over a change
happening here now frank
0:38.I think so i think that there's
been so much change last year before the Sun
0:42.senior mining companies J mining
companies that cut costs streamline
0:46.there's been many CEOs a
blossom jobs have been border director changes exact
0:50.right
0:51.from Barrick rate down to
juniors to deal with this or that
0:54.times it does take place in
gold stocks I'm now will call one about the chart
0:59.day
0:59.there's a real there's a bit of
sentiment relief this positive
1:03.I don't think this runaway
bullish stance the lotto doubting Thomases on
1:07.goal
1:07.so I think investors are we
take a look at those talks at the biggest moves
1:11.where's weathers like to clear
undeclared shorting
1:14.and they were shorting the
stocks I use our companies like Gran Colombia jumped
1:18.41 percent last week
1:20.there's no fundamental
significant changes results they've been
1:24.printed out the marketplace to
justify that except for stock was extremely
1:28.punished
1:28.was trading at a 90 percent
discount relative to its peers
1:32.you had allied Nevada you had
than depresses
1:35.the stocks that's spectacular
moves and it's usually
1:39.cold to call stocks ratios than
three to one
1:43.a1 percent move up the price of
gold three percent in the all stocks
1:47.so somebody's other names in
Hattiesburg mark almost like
1:50.eat or is up three hundred
percent from its lows the past three months
1:54.I think that's important for
investors recognize it has
1:57.bottom with a friend that some
investors leave the party too early or late
2:02.%uh they left the party late
and
2:05.other gonna miss that they left
they waited till the punishing December
2:08.call a tax loss selling and
remember its only happened three times
2:13.in three decades call stocks
fell for three years in a row
2:17.and those that persevere
through last year
2:20.were remarkable so the Yacht
Club those pre those people that are run through
2:25.I like to get the metaphor the
commode run a 10k
2:28.but they're running america
fuck now here click on news we did add
2:31.cover one goal broke through
the 200-day moving average last week Prime but do
2:35.you think it got enough press
also works
2:37.not at all know the that major
media outlets focus but I went below
2:41.I but they just such a doubting
Thomas when it comes to you
2:45.gold is important asset class
let's talk strategy now frank and what-have-you
2:49.recent presentations you
highlight
2:51.how it's not about the
political party it's about the political
2:55.policy another we have had a
changing of the guard Jonny yellin'
2:59.and making her debut last week
do you think we'll see a
3:02.some change here what are the
big head winds last year
3:05.government policies was CPIM
number spell
3:08.and interest rates for
five-year ten-year government bonds mortgages went
3:13.up
3:13.so this time last year you
wouldn't bother feiger government note you were
3:17.losing money more than half a
percent I
3:20.and a divided into the year
December you're making six basis points on your
3:25.money
3:25.that was a big head went for
goal I think you gonna see that change this
3:29.year
3:30.US ECPI numbers start to rise
and
3:33.lotsa capacity in the economy
means rates are not going to rise
3:37.solos obviously in negative go
better return which
3:40.take gold up to around fourteen
hundred dollars an ounce
3:43.this year Frank yes this year
I'm
3:47.it's also important for your
your rap readers and listeners
3:50.is a cause normal DNA also the
or any twelve months
3:54.is plus or minus
fifteen-percent so from as close as a non-event for gold to rise
3:59.15 percent
4:00.if it was the right 30 percent
a year that would be much more significant
4:04.our friend let's look at the
rest the week now we have the FOMC tomorrow on
4:07.Wednesday we have g20 meeting
starting on Friday
4:10.is there anything you really
gonna be focusing on when it comes to both
4:13.well the big part for their
policy meeting coming up this is that there's
4:16.lotsa spare capacity economy
4:18.but money supply grew rapidly
in January US money supply
4:23.an annualized rate regret over
eight-percent
4:26.that's significant because when
you look at the G-seven countries
4:30.their average my supply growth
has been less than five percent
4:33.at the seven most populated
country in the world China
4:36.India et cetera their money
supplies been growing at three times the rate
4:40.more like 15 percent
4:42.and that leads to higher
inflation's now we're seeing money supply
4:45.lies in america dramatically in
the month January
4:48.that usually bodes well for
higher city I numbers
4:52.was worry more bullish
sentiment for goal i right frank thanks for being with
4:55.us this week final thoughts for
investors
4:57.you look for good fundamentals
with us but management I
5:01.those stocks to see probably
more takeovers this place and we will be
5:04.launching a brand new show with
Frank arms they tend to take a news for will
5:09.be launching it when we're back
from covering the BMO conference in Fort
5:12.Lauderdale
5:13.and from covering the PDAC in
Toronto happening in two weeks time
5:17.we look forward to it hope you
will too in the meantime email us a news tip back
5:21.a kickoff dot com
5:22.I follow me on twitter adding
our combining thanks for watching
5:29.in
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