U.S. Elections To Cause ‘Short-Term Drama’ For Gold – Holmes

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The gold market is seeing continued pressure this Monday, and Kitco News speaks with US Global’s Frank Holmes to find out what he will be closely monitoring this week. “I think that the economic data points are so important to take a look at,” he says. “The strongest PMI globally is America; however, it’s not strong enough to lift the world.” Holmes also comments on Alan Greenspan’s recent comments on gold at the New Orleans Investment Conference. “My understanding, of what his comments were, was that he is bullish on gold,” he says. “But it’s a longer-term vision.” Tune in now to find out why Holmes thinks there may be two touchdown passes for gold this week. Kitco News, November 3, 2014.

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