O3 Mining investor knocks Agnico offer
Agnico, the second-largest gold miner by stock market value, agreed to acquire O3 last month for about C$204 million.
Are we headed for a major stock market downturn? If so what could be the effect on gold and silver? The portents are there for problems ahead short term, but probably are positive for gold at least longer term.
The global political situation, with unrest still simmering in the Midde East and the fighting in Libya, will have a continuing impact and even the slight dissent seen so far in Saudi Arabia’s oil producing area does raise some serious warning flags.
