Last Time We Saw Merger Mania, This Is How Gold Prices Responded
Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!
(Kitco News) - History repeats itself, said Greg McCoach of The Mining Speculator. The last time we saw merger mania similar to what is happening today was in the early 2000s, and that episode was followed by a gold bull run.
“This is very similar to me, the merger mania that happened in 2000. The dollar was starting to roll over, have problems, the merger mania was going on and all of a sudden we went on one of the best bull market runs in my career as a newsletter writer from 2003 to 2007,” McCoach told Kitco News on the sidelines of the Metals Investor Forum in Toronto.