Share this page with your friends:

Print

Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

How Can PMI Impact Commodities?

June 6, 2018

PMI, or the purchasing manager’s index, is an important, forward-looking indicator of the economic health of the manufacturing sector. The global PMI reading for the month of May fell slightly to 53.1, which could have important implications for commodities one or three months out. Frank Holmes details how commodities such as copper and oil historically rise or fall if the manufacturing PMI crosses above or below its three-month moving average.

For Frank’s full explanation, watch the video below!

Want to learn more about PMI? Read Frank’s blog post, This Oil Rally Could Have Much Further to Go.

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

Want more market insights from Frank Holmes? Subscribe to his award-winning CEO blog Frank Talk by clicking here.

 

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

The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

Net Asset Value
as of 08/16/2018

Global Resources Fund PSPFX $5.39 0.02 Gold and Precious Metals Fund USERX $6.51 -0.09 World Precious Minerals Fund UNWPX $3.40 0.02 China Region Fund USCOX $9.06 0.08 Emerging Europe Fund EUROX $6.21 -0.01 All American Equity Fund GBTFX $26.11 0.15 Holmes Macro Trends Fund MEGAX $20.03 0.13 Near-Term Tax Free Fund NEARX $2.20 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change