Brokers don’t appreciate physical gold

Frank Holmes of U.S. Global’s talks with Daniela Cambone of Kitco News about opportunities and threats in the gold market on this edition of “Gold Game Film.”

Holmes says one of the biggest threats is that brokers still think that gold is going to ‘collapse.’ “They’re really not appreciating this massive physical trade that’s taking place,” he adds. On a more positive side, Frank says there may be more opportunities in the gold market in Canada.

“The cheapest reserves are listed and we’re going to see a lot of Canadian institutions and pools of capital…pulling capital back into Canada — like the Osisko transactions.” Tune in now to hear what Holmes thinks will be ‘Gold’s Touchdown Pass’ of the week and what he will be eyeing for the rest of the week.