Frank Holmes kicks off the week on Kitco
News with this latest edition of “Gold Game Film.” Holmes talks about
weaker gold prices and whether he sees this as an opportunity for
investors. “Economic GDP rising in Asia is so important for gold prices
to rise,” he says. “I think the touchdown pass is to get resolution in
South East Asia [...] having their political stability come back in
place, we’ll see an increase in gold consumption.” Looking specifically
at China, Holmes comments on the recent news regarding the Shanghai Gold
Exchange, which he thinks is just a way for the Chinese to show that
they want to become ‘price-makers’ rather than ‘price-takers.’ Holmes
looks at the US dollar as well as gold import restrictions in India as
potential opportunities and threats in the marketplace. Tune in now to
get his latest comments on the gold market and where he expects the
metal is headed. Kitco News, June 2, 2014.
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