Frank Holmes on Recent M&A As A Bullish Sign

Frank Holmes of U.S. Global Investors (10/14) sees the recent M&A activity in the energy and mining sectors as a sign of value in the the equity markets.  He notes Sinopec's purchase of Daylight Energy, BHP's purchase of Petrohawk and B2Gold's purchase of Aurynx Gold, among others.  Holmes was quite accurate a couple of weeks back in predicting a market bounce from oversold conditions.