Kitco News, Released on 9/14/20
The Purchasing Managers’ Index (PMI) has hit two-year highs in August, suggesting that a pickup in demand for raw commodities, as well higher inflation, is on the way, said Frank Holmes, CEO of U.S. Global Investors.
Holmes added that gold miners are likely to see record cash flow this quarter as a result of rising commodities demand.
Frank Holmes is the 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.