Unlike many commodities, there are many shades to gold, such as the Love Trade’s buying gold for loved ones and the Fear Trade’s purchasing gold as a store of value. An additional “shade” investors need to be aware of is how the Fed interprets the recovery of the U.S. economy.
In this interview, Frank Holmes and Brian Hicks of U.S. Global Investors discuss their criteria for their investment decisions, the factors they think will affect the gold sector and how ETFs are distorting the gold equities market.
This year's somewhat longer winter shored up the overall inventory picture, which is more or less back to normal. If we have typical summer weather, we could enter the heating season with inventories slightly below average.