Gold-Stock Mega-Mergers Bad

By Adam Hamilton – Re-Blogged From Gold Eagle

The world’s two biggest gold miners both announced mega-mergers over the past 5 months or so.  These huge deals briefly garnered some interest in the usually-forgotten gold-stock sector, and fleeting praise from Wall Street analysts.  But gold-stock mega-mergers are bad news for gold-miner shareholders on all sides.  They reveal the serious struggles of major gold miners, and really retard future upside in their stocks.

For decades the largest gold miners in the world have been Newmont Mining (NEM) and Barrick Gold (ABX).  These behemoths have long dwarfed all their peers in operational scope.  While the gold miners are in the process of reporting Q4’18 results now, their latest complete set remains Q3’18’s.  As after every quarterly earnings season, I analyzed them in depth for the major gold miners of GDX back in mid-November.

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China is Buying up American Companies Fast

By – Re-Blogged From Business Insider

Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it’s freaking lawmakers out.

There is General Electric’s sale of its appliance business to Qingdao-based Haier, Zoomlion’s bid for the heavy-lifting-equipment maker Terex Corp., and ChemChina’s record-breaking deal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion.

Most recently, a unit of the Chinese conglomerate HNA Group said it would buy the technology distributor Ingram Micro for $6 billion.

And the most contentious deal so far might be the Chinese-led investor group Chongqing Casin Enterprise’s bid for the Chicago Stock Exchange.

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