Frank Holmes, Dr. Quinton Hennigh and Michael Oliver are this week’s guests.
Frank Holmes has long been known for his gold and natural resource funds, all of which are expected to be useful hedges against inflation. Not only have central bankers triggered massive inflation into the global economy but government policies have also contributed greatly to inflation. As always during inflationary episodes there are winners and losers from rising prices. Frank has identified a new industry that appears to be a likely winner that being the shipping industry. In an effort to ward off notions of climate disaster, laws passed have caused shipping prices to explode leading to massive profits in that industry. So, Frank has launched a third ETF under the U.S. Global umbrella, namely the U.S. Global Sea to Sky Cargo ETF. Frank will explain his bullish views on shipping and given his long term involvement in gold markets he will share his views on that market as well.
Quinton joins us to provide an update on Novo Resources. We ask him how Novo will head toward profitable gold production following start up difficulties that have resulted in the company’s shares falling below US$1.00. Michael provides his usual guidance on the direction of key markets. Are we gold bulls out of the woods yet or is there still more downside risk despite this being the greatest inflationary threat since the 1970s?
