Eyeing FOMC & PMI, Secular Trend For Gold Remains Up: Frank Holmes

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Kitco News kicks off the week with US Global’s Frank Holmes to talk about gold’s price volatility this Monday on this edition of “Gold Game Film.” Spot gold extended early weakness on Monday morning and Holmes says this is typical behavior to expect during month end. “There always seems to be some type of a game play going into month end…I have no idea who is trying to reconcile their books or what game’s being played.” Holmes says investors need to closely watch Wednesday’s Federal Reserve meeting as well as the PMI numbers coming out on Thursday. Holmes also comments on the Indian buying festival as well as China allowing gold imports from Beijing. Tune in now to hear what Holmes’ thinks may be gold’s touchdown pass as well as some key opportunities & threats for gold. Kitco News, April 28, 2014.

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