Experts Hinting Gold May Be Entering A Bull Market That Could Last Over A Decade
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- FinancialNewsMedia.com News Commentary
PALM BEACH, Fla., March 3, 2021 /PRNewswire/ One of the big topics for the gold mining corporations in 2021 has been the prospect of mergers and acquisitions. Analysts predict another round of consolidation for the industry in 2021, although they aren t looking for mega-mergers. Instead, they expect to see a continuation of the trend in 2020 that brought a larger number of smaller deals. In a recent report, Bank of America (BofA) analyst Michael Jalonen and team said they believe the pressure to replace reserves that have been mined will be one of the big drivers for mergers and acquisitions this year. They noted that gold reserves have been falling since 2012, while gold output has remained stable. The report in Investor Place said that: The BofA team doesn t expect to see mega-mergers in the mining space this year. Ins