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Frank Holmes: Gold Could Rally In 2017

Mike Gleason, host of Money Metals Exchange’s Market Wrap podcast, welcomes Frank Holmes back to the program in the first week of 2017 to get his take on where gold is headed next. Frank believes that gold is currently oversold. Looking at the metal’s price action over 60 trading days, it is down two standard deviations, making it due for a price reversal, Frank explains. He says there is a 90 percent probability to see gold revert back to its mean over the next 60 trading days.

With the Federal Reserve targeting three to four rate hikes in 2017, Frank also shares his outlook for interest rates in the New Year.  Tune in to the replay of Frank’s interview, or read the transcript, to hear his full comments!

 

Listen to the Interview

 

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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.

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).

Enterprise value to operating cash flow is the ratio of the entire economic value of a company to the cash it produces.

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