U.S. Global’s Frank Holmes takes a few minutes away from a mine tour as
Kitco News kicks off the week with Gold Game Film. Holmes highlights PMI
data as an indicator to keep an eye on this week, despite it being
softer of late, he says it still remains positive. He continues that the
U.S. economy is still fragile to negative economic news and “any fear
of a softening economy, the government in the U.S. will keep interest
rates low.” Holmes also explains how he sees gold stocks as cheaper than
bullion as cash flow multiples have been rising since a severe drop in
2013. Tune into this week’s edition of Gold Game Film for more. Kitco
News Aug. 4.
No comments:
Post a Comment