IKN258 has just been sent to subscribers. Moo.
Latin America stocks, economics, politics and stuff like that
It remains to be seen what will come of the peace negotiations, and there are real issues President Maduro has to address aside from the recent social unrest. However, with deepening split between those who see Capriles as a sellout and those who view the hardcore wing as anti-democratic extremists, it will be difficult for the opposition to present itself as a coherent alternative to the well-established Chavista system. As the saying goes, “better the devil you know than the devil you don’t.”
1) There's scant detail offered, apart from the fact that talks broke down. Shout 'duh' if you like, but it also means the journos weren't given massive inside track material.
2) The news means that the talks broke down, i.e. the main takeaway here is that there isn't going to be a merger. Duh again, but Occam's Razor beats derived speculation so don't expect some massive stoking on Monday's markets for gold majors just because of this.
3) This isn't the first time ABX and NEM have talked seriously about a deal, but just like before it's seen as a very difficult fit. Both companies have baggage, noisy balance sheets, uncertain growth profiles. What's more there'd be internal opposition from both sides about any deal (middle management, upper management, even high level execs sweating on the phrase "cost synergies" and how it relates to "pink slips"). That and a dozen other reasons why this mooted merger has failed before and apparently failed again. It's not one we should ever hold our collective breaths on.
(Reuters) - Gold production in Peru, the world's sixth biggest exporter of the precious metal, will likely either plateau or dip slightly this year compared with 2013, mining companies, analysts and the government said.Gold output will fall by at least 4 percent in 2014 to between 4.4 million and 4.6 million ounces, according to company and analyst estimates.But the government hopes continues here
Leaving aside the Time Lord thing, I've already noted in a couple of places (admittedly intuitively) that the contrary indication is more obvious on the "strong signal" weeks, i.e. when any option gets more than 50% of the term-used-loosely-expert opinion. In other words, the more vehement the term-used-loosely-expert opinions, the more likely it is to be wrong. Isn't that the archetypical definition of contrary indicator?
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