GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, March 23, 2015

USD vs. Gold – Frank Holmes

Is USD Still Gold’s Biggest Threat? – Frank Holmes

 Frank Holmes starts the week off with Gold Game Film as he weighs up last week’s gold strength following Wednesday’s FOMC meeting. Holmes notes that a correction in the U.S. dollar was due and that’s what markets saw after the meeting concluded. “Everyone was long the USD, and we saw redemptions for many weeks in a row out of the GLD, and there is a trade that goes on between gold and the USD…now we got caught offside because of the dovish meeting.” While a scale back in the USD has helped gold prices, Holmes states that the currency remains a strong threat to the yellow metal. Tune in now to see where Holmes’ is tossing this week’s touchdown pass. Kitco News, March 23, 2015.

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