Ned Schmidt is back… By now word is out that Barrick Gold is purchasing Randgold in a transaction valued at $18 billion. Could this be the start of the mining stocks M&A rush? Perhaps, but it certainly sends out a big message to both acquirers and acquirees. Heaven knows it’s a target rich environment. China seems to be having issues with it’s attempt to levy tariffs on US soy beans. Seems like there’s just not enough other production available to replace the US. And then there’s a horrible swine flu that’s hit all the world except the US. Can you spell leverage?
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