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Buy Gold in the Dips, Says Frank Holmes

Frank Holmes joined Daniela Cambone on Kitco News to discuss the latest updates in the gold market. The yellow metal rallied above $1,500 last week for the first time since September 2013, but Frank warns that we could see a correction, as gold is up two and a half standard deviations over 60 trading days. “We can easily pull back and then ratchet up to a higher level.” Frank advocates a 10 percent portfolio weighting in gold and recommends that investors “buy in the dips” if gold pulls back slightly.

For the full story watch the Kitco News interview below!

 

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

Standard deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is also known as historical volatility.

The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.

A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).