The great set of charts from Frank Holmes confirming Gold breakout in different currencies. We are entering the next stage of Currency Wars when All FIAT currencies will depreciate against the Gold. What will happen to the Gold price when US Dollar will start the long-due correction?
"Last week Swiss Shock has UnPegged the gold market and Gold is in a breakout now. China shows no slowdown in its accumulation of Gold. What Chinese know the others don't? Please visit Koos Jansen at GoldBullion for more insights on the Chinese Gold market. The real turnaround in Gold sentiment will come after $1,350 level, it could happen fast now. All eyes will be on the ECB next week. These level of beaten into the dust junior miners will not be forever: HUI has cleared 200 level and has a very strong breakout pattern now."
"We are working on the corporate structure now, which will allow to develop Shotgun Gold with the potential new strategic partner on J/V basis like we are doing with Ganfeng Lithium in International Lithium. You can find more information in the Shotgun Gold Project presentation below, on our website and give us a call to discuss it at any time."
Monday January 19, 2015 14:42
Gold and gold stocks are on the move after the Swiss National bank removed its currency cap versus the euro last week. This highlights gold’s valuable role as a store of value when currency volatility destroys purchasing power as it has in many parts of the world over the past year.
As you can see in the chart below, gold in euros has rocketed higher.
Similar moves can be witnessed in other countries’ currencies as well, such as the South African rand, the Japanese yen and the Canadian dollar.
Along with the move in gold, gold stocks are also responding. Our Gold and Precious Metals Fund (USERX) and World Precious Minerals Fund (UNWPX) crossed above their 50-day moving averages early this month. The 50-day moving average is a key trend indicator that many investors use to allocate capital.
Total Annualized Returns as of 12/31/2014
Gross Expense Ratio
Gold and Precious Metals Fund (USERX)
World precious Minerals Fund (UNWPX)
Expense ratios as stated in the most recent prospectus. The expense ratio after waivers is a voluntary limit on total fund operating expenses (exclusive of any acquired fund fees and expenses, performance fees, taxes, brokerage commissions and interest) that U.S. Global Investors, Inc. can modify or terminate at any time, which may lower a fund’s yield or return. Performance data quoted above is historical. Past performance is no guarantee of future results. Results reflect the reinvestment of dividends and other earnings. For a portion of periods, the fund had expense limitations, without which returns would have been lower. Current performance may be higher or lower than the performance data quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance does not include the effect of any direct fees described in the fund’s prospectus (e.g., short-term trading fees of 0.05%) which, if applicable, would lower your total returns. Performance quoted for periods of one year or less is cumulative and not annualized. Obtain performance data current to the most recent month-end at www.usfunds.com or 1-800-US-FUNDS.
For the week, spot gold closed at $1,278.85 up $56.33 per ounce, or 4.61 percent. Gold stocks, as measured by the NYSE Arca Gold Miners Index, gained 6.93 percent. The U.S. Trade-Weighted Dollar Index gained 0.77 percent for the week."