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Dave Kranzler: Does Barrick's bid for Newmont signal 'peak gold'?
9:10p ET Sunday, March 10, 2019
Dear Friend of GATA and Gold:
Barrick Gold's bid to acquire Newmont Mining, Dave Kranzler of Investment Research Dynamics in Denver writes today, likely signals "peak gold" -- a belief that few if any major gold deposits will be found and that acquiring another big gold-mining company is the only way for Barrick to avert resource depletion.
Kranzler's analysis is headlined "Is Barrick Gold Signaling Peak Gold?" and it's posted at IRD here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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