Kitco News, Released on 3/8/21

0:00​ – The case for both gold and crypto
2:29​ – Rising yields
4:28​ – Yields and Bitcoin
8:05​ – “Love Trade”
9:00​ – Metals miners vs crypto miners

Yields cannot rise “hyperbolically” forever, and within the next 30 days they should mean revert, creating a very bullish environment for risk assets, said Frank Holmes, CEO of U.S. Global Investors.

“The [10-year Treasury yield] has gone hyperbolic…it’s not like an airplane taking off, this is like a rocket going to space. Anytime you have something with a three-standard deviation move, it creates unexpected consequences in capital markets,” Holmes said “What we saw was the 10-year yield went above the S&P dividend yield and that automatically creates a flow of capital out of the stock market into bonds, and I think we’re going to get a correction here over the next 30 days, and that correction will be very, very positive for gold and silver, and the stock market, along with the crypto.”

Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.

  bitcoin, Frank Holmes, gold, investing