Best looking weekly chart, page-1268

An article on the potential Newmont/Newcrest merger.

The article suggests that if the merger goes ahead, Newmont may sell off some unwanted gold assets. NST is known for picking up a few tasty breadcrumbs!

https://www.bullionstar.com/blogs/ronan-manly/successful-newcrest-bid-would-extend-us-newmonts-lead-as-worlds-largest-gold-producer/

And there is always this constant bewilderment

However, one part of the equation which seems missing in all of this, be it Newmont or Barrick or any other senior gold producer, is why these mining executive CEOs never focus on the gold price? Gold mining companies, like any business, make maximum revenue when they sell maximum output at maximum price, while minimizing costs.

They will talk non-stop about getting control of more and more gold reserves and resources, and of constantly cutting costs, yet not one of them questions the structure of gold price discovery (which is determined by the trading by a cartel of bullion banks of unlimited paper gold, unallocated gold in London and COMEX gold futures in New York, and not real physical gold). Nor will any of them ever question the secrecy of the central bank gold lending market or the lack of transparency in the entire central bank gold market in general.