What The Strong Dollar Does To Gold, Oil - And Why We're Seeing Green
Frank Holmes | Oct 20, 2014 05:24PM ET
The United States is doing better than it has in years. Jobs growth is up, unemployment is down, expressed my disapproval of how the European Union is handling (or not handling) its fiscal and monetary mess. Because the EU is such an important region for the global economy, investors have become impatient with the bickering that’s stalled any clear solution to its slowdown.
Last week I was in Italy meeting with other global business leaders, while U.S. Global’s Director of Research John Derrick was visiting and assessing Greek and Turkish companies such as Tsakos Energy Navigation, JUMBO, Türk Telekom and Turkcell.
Watch for our firsthand accounts of and insights on the European situation this week.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings in the funds mentioned as a percentage of net assets as of 09/04/2014: Alamos Gold, Inc. (0.04% World Precious Minerals Fund); Anadarko Petroleum Corp. (2.11% Global Resources Fund); Argonaut Gold (0.00%); AuRico Gold, Inc. (1.85% in Gold and Precious Metals Fund, 0.41% World Precious Minerals Fund); B2Gold Corp. (0.00%); Canadian Natural Resources, Ltd. (1.59% Global Resources Fund); Cimarex Energy Co. (1.80% Global Resources Fund); Detour Gold Corp. (0.00%); Deutsche Bank (0.00%); Devon Energy Corp. (1.82% Global Resources Fund); JUMBO S.A. (0.00%); Klondex Mines, Ltd. (7.76% Gold and Precious Metals Fund, 7.51% World Precious Minerals Fund, 1.22% Global Resources Fund); Market Vectors Junior Gold Miners ETF (0.16% Gold and Precious Metals Fund, 0.17% World Precious Minerals Fund); Peyto Exploration & Development Corp. (1.31% Global Resources Fund); Primero Mining Corp. (0.05% Gold and Precious Metals Fund, 0.02% World Precious Minerals Fund); Suncor Energy, Inc. (2.13% Global Resources Fund); Tsakos Energy Navigation, Ltd. (0.00%); Türk Telekom (0.00%); Turkcell (1.79% Emerging Europe Fund). The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns. 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. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content. Past performance does not guarantee future results.
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