Relevant:
- How Long Can "Phase II" of the Gold Pool Be Sustained? - Jesse's Cafe
- Richard Russell: Speculative Phase Of Gold Bull Lies Ahead
- Goldcorp And Why Gold Miners Are Getting Crushed: Massive Cost Inflation, Dropping Prices
- Newmont shareholders back $10-billion Goldcorp takeover
- John Ing - Staggering Physical Gold Demand Now Overrunning Shorts
2010-09-04 — kingworldnews.com
A hallmark of a true bull market in any sector is company acquisitions. Eric King comments along those lines in this piece, around the event of a major GoldCorp acquisition.
30 days ago I wrote that the “PAC-MAN†Phase as I coined the phrase, or consolidation phase was upon us in the gold sector. Breaking news just hit that GoldCorp has announced it acquired Andean Resources for $3.6 billion. Those who understand this phase will make fortunes taking positions in companies that will be acquired during this phase. For seasoned professionals who grasp this, it will be like printing money or having their own personal ATM machine...
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