07.06.2016 - Non-Event for Gold Price to Move Up/Down 20% in Year: Frank Holmes
After gold 's recent correction, Frank Holmes, chief executive officer for U.S. Global Investors, says that the yellow metal is coming back toward its mean. "Seventy percent of the time, an asset class can move up or down a specific amount over various time periods," Holmes said. He added that it is a non-event for gold to go up or down about 20% in a year. Gold ended slightly lower Thursday after the European Central Bank monetary policy meeting concluded with no change in interest rates. The lack of fresh news failed to significantly move the precious metals markets...............................................Full Article: Source
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