Wednesday, December 17, 2014

U.S. Consumers To Be Big Gold Buyers, Mining Stocks May Turnaround – Frank Holmes


In a special edition Gold Game film, Kitco News talks to Frank Holmes about his expectations for 2015. He said that he is expecting physical gold demand to remain strong heading into 2015 as consumers save money on cheaper gasoline prices. “This year you are going to see the U.S. being a big buyer of gold, particularly of jewelry,” he said. Along with the U.S. Holmes said he expects to see strong demand in China heading into the Lunar New Year, which is in February. Holmes adds that he also sees central bank remain gold buyers in 2015. Holmes added that higher gold and commodity prices are needed for mining stocks to turn around in 2015. Tune in now to hear Holmes threat to gold in 2015. Kitco News, December 15, 2014.

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