All Posts Tagged With: "Global Financial Crisis"
Can Metals Save Wall Street?
As the financial services giants get cut down to size, metals are now the biggest source of mergers and acquisitions on Wall Street, according to a report on Bloomberg.
The value of announced mining takeovers more than tripled to $199 billion in the first five months of 2008 from a year ago – the first time mining mergers have topped Bloomberg’s mergers and acquisitions table since it began 1998.
Meanwhile, gold prices are set to reach record levels, says Mike Caggeso in Money Morning.
Cashing in on Commodities: Will Gold Hit $1,500 an Ounce?
Gold prices have skidded about 15% since the “yellow metal” hit an all-time record of $1,032 an ounce on St. Patrick’s Day.
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