Good Reads
Zijin’s $4B Allied Gold takeover collapses, but it still buys in
Zijin Gold’s planned $4 billion acquisition of Allied Gold (TSX, NYSE: AAUC) has collapsed after Chinese regulators failed to approve the transaction before the deadline, leaving the state-backed miner with a 9.2% stake instead. Read on »
Why Gold Is Falling Even as Conflict in the Middle East Escalates
Gold is supposed to be the asset you own when wars break out and tankers stop moving, so I get why some investors have been frustrated in recent months. Instead of soaring, the yellow metal has been stuck near $4,000 an ounce, down roughly a fifth since the strikes on Iran began in late February. The reason for this isn’t a mystery. Read on »
Goldman Sachs Picks Up on China's Secret Gold Reserve Expansion
Goldman Sachs has picked up on the fact that China is expanding its gold reserves far faster than the official data indicates. This probably comes as a surprise if you only follow mainstream financial news. Goldman is one of the few major financial actors to report on this phenomenon, but we've known about it for a long time. Read on »
Community News
Oil Startup Backed by Ex-Goldman Commodity Chief Currie to IPO Link>>
The World’s Largest Sand Battery Is Now Online Link>>
John Paulson says we are in the early stages of a long-term bull market for gold Link>>
US Department of Energy shortlists five states for nuclear sites Link>>
Bonds Are In Charge...Everything Breaks Over 5% Link>>