Gold Will Sustain Rally - Frank Holmes

By frank holmes / April 24, 2018 / www.youtube.com / Article Link


Gold's rally on Tuesday comes as equities took a hit, and the yellow metal is likely to see sustained momentum upwards, said Frank Holmes, CEO of U.S. Global Investors."Gold is above the 200-day moving average, 10-year is hitting 3%, last time it did this, it was below the 200-day moving average. It's flirting with the 50-day moving average, and I think the CPI numbers are going to be higher, and I think if that's all of a sudden going to pivot then gold will trade higher, so I remain bullish," Holmes told Kitco News. Although Holmes is bullish on gold, he is also constructive on bitcoin, as he sees millennials moving their money into the crypto space going forward. _________________________________________________________________Kitco News is the world's #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit http://www.kitco.com/Follow us on social media: Facebook - https://www.facebook.com/KitcoNews/?r... Twitter - https://twitter.com/kitconewsnowGoogle+: https://plus.google.com/u/0/116266490...StockTwits - https://stocktwits.com/kitconewsLive gold price and charts: http://www.kitco.com/gold-price-today...Live silver price and charts: http://www.kitco.com/silver-price-tod...Don't forget to sign up for Kitco News' Weekly Roundup - comes out every Friday to recap the hottest stories & videos of the week:https://connect.kitco.com/subscriptio...Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/ Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

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