Frank Holmes, U.S. Global Investors CEO/chief investment officer says that Gold prices can move 15% over any 12 month period "the big bubbles in any sector usually take place with excessive leverage , when gold went $850 in 1980, the futures market was leveraged ten to one ,the bulk of this gold today is not leveraged and you're also seeing emerging market central bankers buying gold. we saw Mexico, Korea, you're seeing a shift and that's basically a cash trade . I think the bouillon ETF is predominantly a cash trade. so we're not in a bubble. we do not have an exponential move , when we look at NASDAQ in the '90s or we look at gold what it did in the '70s , what it did in the '70s."
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Showing posts with label Frank Holmes. Show all posts
Showing posts with label Frank Holmes. Show all posts
Thursday, August 4, 2011
Thursday, April 7, 2011
Gold Prices could Double over the next 5 years says Frank Holmes,
Frank Holmes, CEO & CIO of U.S. Global Investors says Gold is currently under owned and has the potential to soar even higher due to faster growth in money supply Gold could double in price in the next 5 years " just look at the gold as a component of the financial assets around the world since year 2000 it actually shrunk , and you are seeing much faster growth in money supply and other financial asset cl;asses than you are seeing gold coming in the market place , you see more money flow into other financial assets than you actually seeing in Gold " Frank Holmes explains Gold is under owned and under loved , Gold is a love trade Warren Buffett does not anyone he loves to give Gold to ...LOL....
Thursday, January 13, 2011
Gold Stocks: Flops vs. Champs
NEW YORK (TheStreet) -- Frank Holmes, CEO of U.S. Global Investors, reveals his gold stock picks for 2011.
Frank Holmes : ..."....look at gold stocks one of the key factors as un hedged. Two is -- the big cap mid cap small cap. And there's different value metrics. With -- try to look at them all and they were the key factors to better stock picking. Is rolled out of -- basis growth in production on a per share basis. And growth and reserves there's. Share basis many of these big companies have made acquisitions which are -- on a per share basis then their stocks underperform in a rising bull market. When I looked down the food chain I think the big opportunities where you can get small cap companies -- lots of reserves per share. They give you a call option now is that the positive. And that gives you huge leveraged to rising bull market the past year Chesapeake has -- one big big winner for us remarked quote says that the big discovery. You're seeing this growth and reserves per share. Is a driver of that success. Grand Colombia is a gold producer won the best performing gold -- with pastors and called hospitable....."
Frank Holmes : ..."....look at gold stocks one of the key factors as un hedged. Two is -- the big cap mid cap small cap. And there's different value metrics. With -- try to look at them all and they were the key factors to better stock picking. Is rolled out of -- basis growth in production on a per share basis. And growth and reserves there's. Share basis many of these big companies have made acquisitions which are -- on a per share basis then their stocks underperform in a rising bull market. When I looked down the food chain I think the big opportunities where you can get small cap companies -- lots of reserves per share. They give you a call option now is that the positive. And that gives you huge leveraged to rising bull market the past year Chesapeake has -- one big big winner for us remarked quote says that the big discovery. You're seeing this growth and reserves per share. Is a driver of that success. Grand Colombia is a gold producer won the best performing gold -- with pastors and called hospitable....."
Tuesday, January 11, 2011
Gold Will Double in 5 Years, Frank Holmes says
Frank Holmes says gold "gets too much attention" and notes it performed "in the bottom half" of all commodities last year, when it rose 30% but still badly trailed other metals such as silver and palladium. "The love trade is taking off in emerging countries, particularly China and India, where gold is giving for weddings, for birthdays [and] for any type of religious holiday," Holmes says. "Many people buy gold out of fear but the most important buyers of gold in the world today are buying gold for love."
Thursday, September 30, 2010
Frank Holmes, How to Profit Off Record High Metal Prices
NEW YORK (TheStreet) -- Frank Holmes, portfolio manager of the Gold and Precious Metal Fund, reveals his favorite precious metal stocks to own and which metal he thinks has the most upside potential.
Wednesday, September 29, 2010
Frank Holmes Gold Absolutely Still a Buy: Metal Will Double in 5 Years
source : http://www.youtube.com/watch?v=q5FHrFXhuBs
Gold jumped back above $1300 per ounce Tuesday morning and "absolutely" has more upside ahead, according to Frank Holmes, CEO and CIO of U.S. Global Investors, which has about $2.6 billion of assets.
Despite all the hype about its multi-year rally, gold is actually lagging many other commodities in that it hasn't yet eclipsed its 1980 high on an inflation-adjusted basis, Holmes says, noting the same is true of silver.
"If we were to go through those 1980 [inflation-] adjusted prices, gold would be at $2300 per ounce today," he says, calling that a "fair" target for the metal.
There is no bubble" in gold, Holmes says, declaring "it's a pretty easy layup that gold can double" from here over the next 5 years.
Holmes, who co-manages U.S. Global's Gold & Precious Metals Fund and World Precious Minerals Fund, cites the following to justify his bullish outlook:
Growth in Global Money Supply: Government efforts to fight the credit crisis have included huge spending and debt guarantee programs, resulting in greater supply but less confidence in "paper money." (On Tuesday, the Dollar Index fell to its lowest level since early February as weak U.S. economic data point to more efforts by the Fed to "reflate" the economy via quantitative easing.)
Emerging Middle Class: The big difference between gold's current run and the bull market of the 1970's is the "economic footprint" of emerging market economies, most notably India and China, Holmes says. "Forty percent of the world's population believe in gold and give gold as gifts" -- and have the money to buy them in increasing numbers.
The Big Dumb Money: "All the pension funds, all the endowment [funds] aren't running into gold...yet," Holmes says, noting those investors "piled into" tech in 2000 and private equity funds in 2006. Meanwhile, European Central Banks have dramatically slowed their gold sales and could become buyers in the years ahead.
Alchemy vs. Reality: Gold skeptics often note that almost every ounce of gold ever mined remains in existence. That may be true, but Holmes says new supply is on the wane, suggesting it's "easier to invent a new technology" than find a 10 million ounce deposit. And if you were to discover such a bonanza, you'd have to incur huge infrastructure costs and meet rising regulatory hurdles to get the 'yellow metal' out of the ground.
Of course, you should question anything that looks like a "can't lose" investment - and bulls say gold wins whether the economy is hit by deflation or inflation. But gold has defied its skeptics for a decade and shows no sign of letting up now.
Thursday, March 11, 2010
Buy Gold While Supplies Last, Says Fund Manager
Lost in the headlines over the dollar's resurgence in 2010 is the fact gold is still rising in most worldwide currencies. It is also still faring well in dollar terms. Gold is trading at around $1,120 per ounce, up about $60 in the last month. Frank Holmes, CEO and CIO of U.S. Global Investors, a long time gold bull sees no reason for this trend to end.
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