Frank Holmes: We Will Easily see $2000 Gold in 2020
Tom welcomes returning and always interesting guest Frank Holmes. Frank is the CEO and Chief Investment Officer of U.S. Global Investors.
Frank discusses how the fifty and two hundred day moving averages act as essential signals for big institutional money. When these signals cross, they start to notice since they prefer to having the wind in their sails.
Gold has recently broken through a nine-year high as the fear trade is active due to the Fed’s excessive printing. Gold will be the best currency going into 2021, and $2000 gold seems inevitable for this year.
Frank discusses the proven manipulation in the futures market and the comments on the lack of prosecution.
Many Millenials being stuck at home have taken up trading during this pandemic. The Jets ETF has seen significant investment by this generation in recent months. It seems at least some of the Millenials are taking it upon themselves to learn and investigate markets while teaching others via various social platforms.
Time Stamp References:
0:44 – Technicals and moving averages.
2:45 – China, India and the gold trade.
7:15 – Futures and commodity manipulation.
11:40 – What makes royalty companies attractive.
16:20 – Mining and socialist governments.
18:30 – Best performing commodities.
20:18 – Healthy stock eco-system.
22:00 – Millenials taking an interest in stocks.
25:45 – Education and facts for new investors.
28:00 – Juniors and good corporate governance.
Talking Points From This Episode
- Big institutions are taking notice of gold.
- Outlook for gold for the remainder of this year.
- Commodity manipulation and the futures markets.
- Why we need investment in junior miners.
- Millenials are taking a keen interest in undervalued assets.
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Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm’s chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining “TopGun” by Brendan Wood International. In 2016, Mr. Holmes and portfolio manager Ralph Aldis received the award for Best Americas Based Fund Manager from the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing. More than 30,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter, read in over 180 countries.
Under his guidance, the company’s mutual funds have received recognition from Lipper and Morningstar; two trusted independent financial authorities. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the U.S. Global Jets ETF launch, which invests in the global airline sector. In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies, listed in Toronto, and Mr. Holmes was appointed non-executive Chairman of the Board.
Mr. Holmes was awarded the Huron Medal of Distinction from Huron University College in 2013, his alma mater for the class of 1978. This award recognizes individuals whose life achievements set an example of excellence and reflect Huron’s arts and social sciences missions.
Mr. Holmes is a native of Toronto and is a graduate of the University of Western Ontario with a bachelor’s degree in economics. He is a former president and chairman of the Toronto Society of the Investment Dealers Association.
Mr. Holmes is a much-sought-after keynote speaker at national and international investment conferences.
Mr. Holmes is a regular commentator on the financial television networks CNBC, Bloomberg, BNN and Fox Business, and has been profiled by Fortune and The Financial Times. His thoughts on gold are captured each week on a Gold Game Film program in collaboration with Kitco News and TheStreet.com. Mr. Holmes was also the feature spread in Barron’s during the commodity rally at the start of 2004. He is a regular contributor to Forbes, Business Insider, Seeking Alpha, and Wall Street Journal’s Experts Corner.
Frank Holmes has been appointed non-executive Chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly. This interview should not be considered a solicitation or offering of any investment product.