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DRYBLOWER
Gold deals and central bank activity point to a major price recovery next year
BARRICK merging with Randgold might seem to be simply a corporate event but from <i>Dryblower’s</i> perspective it is an example of the power of central banks to change the way the world works – and set the scene for a strong gold-price rise next year.
Officially, the merger is about injecting the fresh blood of Randgold into the lifeless body of Barrick, hoping that a bigger and more profitable gold company will emerge. On that score the jury is...
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