from asia with love -- the ups & downs in the world of resources

usfunds.com 1.800.US.FUNDS July 2014 • 14-297

From Asia with Love – The Ups & Downs in the World of Resources

Frank Holmes, CEO and Chief Investment Officer

usfunds.com July 2014 14-297

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Performance and Results Oriented

Winner of 29 Lipper performance awards, certificates and top rankings since 2000

(4 of the U.S. Global Investors Funds received Lipper performance awards from 2005 to 2008. 6 of the U.S. Global Investors Funds received certificates from 2000 to 2007, and 2 of the U.S. Global Investors Funds received top rankings from 2009 to 2010. During

the years mentioned, there were 13 U.S. Global Investors Funds, while currently the fund family consists of 9 funds.)

Investment leadership results in performance


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Focus on Education — 54 Awards

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MFEA STAR Awards for Excellence in Education


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Tipping Points, Melting Points H2O is Like Money

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Ice Turns to Water at 32º, but Still H2O

Demographics, Government Policies, Innovation and Discovery


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7 Billion People — Tipping Point Centuries to Decades to a Decade for a Billion People

1970


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Facebook Use Around the World 1.2 Billion People Connected Without Passports!

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Every American Born Will Need…

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November 22, 2013


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Did You Know?

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India has

600 million people under the age of 25

That’s 2 times the entire population

of the U.S.


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Government Policy Model — Precursor for Change

President Barack Obama Janet Yellen, Chairman of the Federal Reserve


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Emerging World Holds 50% of the Global Population, Just 23% of GDP


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Follow Global Money Money Supply Down from Peak in 2011 Real Global GDP Peaked at 5.4% in 2011; Declined to 3% in 2013

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Global Money Supply Influences Markets Lending Regulations Slow the Velocity of Money, Which Prevents Money Supply from Growing the Economy

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It’s Not the Political Party, It’s the Political Policies


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“Follow the Money” Presidential Election Cycle

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Government Policy Is a Precursor to Change March 2009


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Follow the Money Equities and Gold Have Outperformed Bonds

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S&P 500 Index Analysis — Buybacks and Dividends Help Drive Performance

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Past performance does not guarantee future results.

January 11, 2013 April 5, 2013


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Formation of Capital Model is Changing Options vs. Stock Grants

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Formation of Capital Model is Changing Fund Flows and Growth in Assets 2008-2012

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Source: Investment Company Institute


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GROW Performance — Past Twelve Months Correlated with Gold Stocks

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GROW Above 200-Day Moving Average

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Lunch Meeting

The Trend is Your Friend

1:30 PM

Pacific Ballroom

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A Short-Term Headwind has Reversed Japan's PMI Pulled Down Global Economy with Consumption Tax in April

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China’s Flash PMI Reverses Up

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August 26, 2013 August 2, 2013 March 5, 2013


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The Keqiang Index

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September 27, 2013

Premier Li Keqiang

Keqiang Index Sectors Include:

 Bank Loans

 Rail Freight

 Electricity Output


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Global Trend is Your Friend — PMI and Commodities Relationship in Uptrend

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Past performance is no guarantee of future results.


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European Manufacturing PMIs Remain Above 50 — Positive

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Oil Stocks Are Undervalued Enjoy Attractive Dividends: 5 Year CAGR 12%

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Yield S&P 500 Energy Stocks Dividend 2.0%

5-Year Government 1.6%


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Global Oil Demand and Global PMIs Are Highly Correlated

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Demand for Oil Remains Strong

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Cleaner, Greener China August 7, 2013


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OPEC’s Spare Capacity Is Below 5 Percent of Global Production

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Government Policies in China Focus on Alternative Energy

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Peking University students placed face masks over iconic statues throughout the campus in response

to recent “Airpocalypse” in Beijing.


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Growth of Solar Energy in China and Japan

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Trend

Wowism! Chinese Solar: From 3% of the Global Market to 30% in Three Years


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Natural Gas Golden Cross at 50 Day and 200 Day

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North American Natural Gas: A Global Bargain

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But Cheap Feed Stocks and Global Economic Recovery Fuel U.S. Chemical Industry

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Latin American Weathercasters

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Gold Demand Drivers

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Elvis Presley


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Gold Workshop 3:20 PM

Columbia Room

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Driver: The Fear Trade

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Monetary Fiscal

President Barack Obama Janet Yellen, Chairman of the Federal Reserve


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The Hobbdicator Makes for Great Gold Buys

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+20%


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Low Real Interest Rates Historically Fuel Gold, Silver and Oil

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+2%


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Inverse Relationship Between Real Interest Rates and Gold

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Real Rates


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Inverse Pattern of Gold vs. 5-Year Treasury Yield is Profound

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March 13, 2014


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Great Shift in Gold Ownership

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April 25, 2014


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Russia is World’s Largest Palladium Supplier

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Putin is Making Palladium Supply Politically Unstable

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Palladium Breaking Out?

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Platinum ETF Observations Buying Rises with Lower Prices

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Opportunities in Gold


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Driver: The Love Trade

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Gold Love Trade Strong Correlation Between Rising Incomes and Gold Price

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China’s Increasing Jewelry Demand

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Chinese Jewelry Consumption on the Rise

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Holidays Drive Gold Demand

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Managing Expectations — Gold Seasonality



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Only 3 Times in 3 Decades Gold Stocks Declined 3 Consecutive Years

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February 14, 2014


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Gold Price to Cash Flow Multiples Recover Volatility is Driven by Sentiment Swings from 24x to 5x for Same Ounce of Gold

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Managing Expectations: Gold Mining Companies Have More

Verbs and Adjectives than Nouns

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Tom Cruise, Jerry Maguire


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Managing Expectations — Gold Oversold in the Year-over-Year Rolling Oscillator

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June 20, 2014


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World Precious Minerals Fund (UNWPX) Outperforming Its Benchmark

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Gold Price Reversal


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Near-Term Tax Free Fund (NEARX) A Track Record of Performance and Low Volatility

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The Near-Term Tax Free Fund has generated consistent positive annual total returns (yield + appreciation) for investors for over 10 years in a row.

See Performance page for complete fund performance.


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NEARX vs S&P 500 Index A Stable Record of Performance and Low Volatility

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See Performance page for complete fund performance. Past performance is no guarantee of future results.


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Based on Risk-Adjusted Return

Distinctive floating $2 NAV reduces the penny-move volatility in a portfolio.


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More Research from U.S. Global Investors

Download our latest research at www.usfunds.com.


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Go to usfunds.com To Sign Up for the Investor Alert Today

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Subscribe to the weekly, free e-newsletter at usfunds.com/subscribe

And for advisors— Subscribe to Advisor Alert at usfunds.com/AAsubscribe


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Fund Performance

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Disclosures

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

The World Precious Minerals and Near-Term Tax Free funds may be offered only to persons in the United States. The reference to the World Precious Minerals and Near-Term Tax Free funds should not be considered a solicitation or offering of the fund to investors residing outside the United States.

from asia with love -- the ups & downs in the world of resources

Presentations & Public Speaking