Get ready for new records; gold, commodities in ‘sweet spot’ – Frank Holmes (Video)
Get ready for new records; gold, commodities in ‘sweet spot’ – Frank Holmes Video by KitCo News
The Purchasing Managers’ Index (PMI) has hit two-year highs in August, suggesting that a pickup in demand for raw commodities, as well higher inflation, is on the way, said Frank Holmes, CEO of U.S. Global Investors.
Holmes added that gold miners are likely to see record cash flow this quarter as a result of rising commodities demand.