Today Newmont Mining announced it is acquiring Goldcorp, plus a stunning look at bank failures.
Bank Failures And Another Gold Mega-Merger
(King World News) – On the heels of Egon von Greyerz’s KWN article warning bank bail-ins are coming in the West, here are a couple of charts from SentimenTrader on the subject. The S&L Crisis as well as the 1920s – 1930s are the time periods that really stand out in terms of a significant number of bank failures (see charts below).
No Bank Failures In The U.S. In 2018, But Remember The S&L Crisis?
The Number Of Bank Failures In The 1920s & 1930s (Great Depression) Dwarfed That Of The S&L Crisis!
Regarding Newmont’s acquisition of Goldcorp…
Today Newmont Mining announced it is acquiring Goldcorp in an all stock transaction. This is the second mega-merger in the mining space after the Barrick/Rangold deal was recently completed……..more here