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The Acquiring Supervisors' Index (PMI) has hit two-year highs in August, recommending that a pickup in demand for raw assets, too greater rising cost of living, is on the way, stated Frank Holmes, Chief Executive Officer of UNITED STATE Global Investors.
Holmes added that gold miners are likely to see record cash flow this quarter as a result of climbing assets demand.
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Get ready for new records; gold, commodities in ‘sweet spot’ – Frank Holmes
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.
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