Chinese New Year: Opportunity Or Threat For Gold? – Frank Holmes
from Kitco News Frank Holmes joins Kitco News from Cape Town, South Africa to talk about how he sees the gold market and the mining industry set up ahead of next week’s Chinese New Year. Holmes comments on the “Greek drama” and says he sees the uncertainty helping gold prices. “Anytime you get this negative real interest rate scenario, gold starts to rally in those countries currencies and I think that’s going to continue,” he says. Looking to the U.S. markets, Holmes says the strong dollar will prove to be a challenge to American mining companies as it will boost their operating costs. Tune in now to see why he thinks silver exchange-traded funds aren’t performing as notably as gold ETFs, and what he thinks may be gold’s touchdown pass this week.