Focus on $4,000 gold price target, airlines, ignore Fed noise – Frank Holmes

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Jerome Powell's hawkishness at last week's Jackson Opening Symposium created uncertainties in gold investors' minds, sending out the yellow steel to trade laterally for the last couple of days.

Volatility for gold presents a chance to buy on the dips, claimed Frank Holmes, Chief Executive Officer of U.S. Global Investors that stated that "if you're not long, you're wrong."

Holmes has previously required gold to strike $4,000 an ounce in a couple of years' time. His lasting forecast is based upon using gold's performance during the last time the Fed expanded its balance sheet between 2009 to 2011.
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Focus on $4,000 gold price target, airlines, ignore Fed noise – Frank Holmes

Jerome Powell’s hawkishness at last week’s Jackson Hole Symposium created doubts in gold investors’ minds, sending the yellow metal to trade sideways for the last few days.

Volatility for gold presents an opportunity to buy on the dips, said Frank Holmes, CEO of U.S. Global Investors who said that “if you’re not long, you’re wrong.”

Holmes has previously called for gold to hit $4,000 an ounce in two to three years’ time. His long-term forecast is based on applying gold’s performance during the last time the Fed expanded its balance sheet between 2009 to 2011.
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Focus on $4,000 gold price target, airlines, ignore Fed noise – Frank Holmes