Just saw this Tuesday evening!
“It’s the clearest sign yet… The next leg in the precious metals bull market is underway.
Mergers and acquisitions (M&A) are on the rise. According to Bloomberg, all mining deals announced during the first two months of this year totaled $7.6 billion. That’s a 41% increase over the same period in 2016.
A spike in M&A activity is one of the clear hallmarks of a bull market in precious metals. As demand for gold and silver picks up, producers need to build their reserves. And the fastest way to do that is to buy some.
You could feel the excitement – and anxiety – over potential deal-making at last week’s 85th Prospectors and Developers Association of Canada (PDAC) convention in Toronto.
Representatives from all the major metal producers were there… along with many of the big players in the capital markets. It’s a place where deals get done.
We expect some large deals to happen in 2017. And we will be watching closely to see what effects any potential agreements have on the stocks in our portfolio.”
As will I!!! More later, if there’s any reason to…