Gold’s deal blitz could draw in the rest of mining

Gold’s deal blitz could draw in the rest of mining

Positive signs. Image: Mohamed Noor, Pixabay. By David Stringer and Danielle Bochove - Bloomberg News 12/10/2019 A torrent of deal-making among gold producers that’s pushed M&A in the sector to an eight-year high is seen spilling over into the wider mining industry — if there’s a rally in global growth. Pending and completed gold acquisitions [...] Read more

Gold’s been on a tear this year and 2020 may see more reward

Gold’s been on a tear this year and 2020 may see more reward

Bullion buying by governments has emerged as an important pillar of demand, including purchases by China. Credit: Christopher Rankin via Flickr By Ranjeetha Pakiam, Elena Mazneva and Yvonne Yue Li - Bloomberg News 11/10/2019 Gold’s impressive advance in 2019 — aided by trade war frictions, easier monetary policy across the world’s leading [...] Read more

Credit Bubble Bulletin: Crazy Extremis

By Doug Noland 12/07/2019 Dr. Bernanke has referred to the understanding of the forces behind the Great Depression as the “Holy Grail of Economics.” But was the Great Depression chiefly the consequence of post-crash policy mistakes, as conventional thinking has come profess? Was it really a case of the Federal Reserve having grossly failed in its [...] Read more

Gold miners flash the cash in biggest deal binge in a decade

Gold miners flash the cash in biggest deal binge in a decade

Image by Matt Neale By Jeff Lewis and Zandi Shabalala; Editing by Lisa Shumaker - Reuters 12/04/2019 Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago. Led by top producers Newmont Goldcorp Corp [...] Read more

How far will gold reach before the upcoming reversal?

How far will gold reach before the upcoming reversal?

By Przemyslaw Radomski, Sunshine Profits 12/03/2019 Just when most traders thought that the previous week is going to end in the red for gold, something exceptional happened. The USD Index reversed after rallying, and gold rallied sharply in response. In the end, gold ended the week in the green by forming a clear weekly reversal. That was [...] Read more

Huge public, corporate and household debt looks like the ‘new normal’ for the global economy – until the next crisis

Huge public, corporate and household debt looks like the ‘new normal’ for the global economy – until the next crisis

A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP Macroscope by Anthony Rowley 11/02/2019 Large debts at the public and private level may not matter as long as growth continues and interest rates remain low That could all change should a new financial crisis creep up on the global economy, [...] Read more

Economy in deep crisis, witnessing 'death of demand': Yashwant Sinha

Economy in deep crisis, witnessing 'death of demand': Yashwant Sinha

Former FM Yashwant Sinha 12/01/2019 New Delhi India's economy is in a "very deep crisis", witnessing "death of demand", and the government is "befooling people" by its "brave talks" that the growth would be better in the next quarter or the one after that, said former FM Yashwant Sinha. India's economy is in a "very deep crisis", witnessing "death [...] Read more

Credit Bubble Bulletin: Just the Facts

By Doug Noland 11/29/2019 For the Week: The S&P500 gained 1.0% (up 25.3% y-t-d), and the Dow added 0.6% (up 20.3%). The Utilities were unchanged (up 19.0%). The Banks added 0.4% (up 27.9%), and the Broker/Dealers jumped 2.1% (up 21.7%). The Transports increased 0.7% (up 18.4%). The S&P 400 Midcaps rose 1.2% (up 20.9%), and the small cap [...] Read more

Gold is new obsession for East Europe’s nationalist leaders

Gold is new obsession for East Europe’s nationalist leaders

German central bank’s vault. (Image courtesy of Bundesbank) By Andrea Dudik and Radoslav Tomek, Bloomberg News 11/29/2019 Gold is all that nationalist leaders in Europe’s east can talk about these days. Just this week, Poland’s government touted its economic might after completing the repatriation of 100 tons of the metal. Over in Hungary, [...] Read more

Real Corporate Profits Are Now The Lowest Since The Financial Crisis

By Tyler Durden 11/28/2019 Ask any Wall Street analyst why stocks are at all time highs and the instant answer will be because profits and net income are similarly at or near all time highs, which means that the multiple needed to justify an S&P around 3,150 is not all that egregious. But is that really the case in a world where virtually [...] Read more

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