Gold Stocks Cheaper Than Bullion – Frank Holmes

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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.

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