Just as the world was breathing a massive and collective sigh of relief that a new bull market in gold and silver had arrived with all the pomp and pageantry of a Royal Wedding, the Barbarians climbed the walls and are now very close to razing the palace, says precious metals expert Michael Ballanger.
Shareholders in Calico Resources (TSXV:CKB) enjoyed a hefty bump to their holdings after the company announced it is being bought out by Paramount Gold Nevada (NYSEMKT:PZG).
In a sign of further influence in global financial markets, a major Chinese bank has been allowed into an elite club of bankers that sets the global price of silver.
With few options left to salvage investments hit by a prolonged downturn in commodity prices, more shareholders are demanding change at miners they perceive to have strong assets but weak boards and management.