$1,000 Gold—Can It Last? [9/14/2009]
Posted on Monday, September 14th, 2009 | In Market Commentary
Contributed by: Frank Holmes (http://www.usfunds.com/franktalk) -
Gold cracked the $1,000-an-ounce barrier for a second time last week, and the New York spot price is now hovering right around that four-digit mark. The first time this happened, in March 2008, the price plummeted to the low $900s within a couple of days. …
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 About Frank Holmes (http://www.usfunds.com/franktalk)
Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund (PSPFX), the World Precious Minerals Fund (UNWPX) and the Gold and Precious Metals Fund (USERX). |
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